I am pleased to report that Congress approved, and President Obama signed
into law, today an extension of the EB-5 regional center program until
September 30, 2016, under the existing requirements, namely that the minimum
required investment amount will remain $500,000. Since the previous expiration
date of December 11, 2015, Congress has extended the program through December
22, 2015, with two brief extensions of 5 days and 6 days, respectively,
and then passed this morning the above-mentioned extension through September
30, 2016, which President Obama has signed into law.
Members of Congress will continue to debate changes to the program, such
as increasing the investment amount, as well as measures to increase the
effectiveness and integrity of the program. However, there are strong
differences of opinion among Members of Congress on how to accomplish
these goals, and so they remain unable to reach agreement. This is good
news for those of us who do not want drastic changes to the program, especially
not to the minimum required investment amount.