Thursday, November 14, 2024

EB-5 gets another extension to Jan 19, 2018

The EB-5 program gets another four week extension until Jan 19, 2018.

Congress has bestowed a small holiday gift for EB-5 stakeholders as both houses today voted to extend the federal budget until January 19, 2018. The Continuing Resolution (CR) was approved in the Senate by a 66-32 vote and in the House by 231-188, reported by Green and Spiegel, a toronto based law firm.

According to IIUSA, Last night, both the House and Senate passed a stopgap spending bill which will avert a government shutdown through January 19, 2018. President Trump signed the short-term spending bill into law today. This extends the current sunset date for the EB-5 Regional Center Program as well, which was supposed to expire at midnight tonight.

In a news release published by House of Appropriations, “The Continuing Resolution will extend current levels of funding for government operations through January 19, 2018, and will prevent a government shutdown. This is critical to our nation’s stability, our economy, for the continuation of programs and services the American people depend on.”

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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