President Obama signed a Continuing Resolution that extended the EB-5 Immigrant Investor Program (also called regional center program) and funded the government through Dec. 11. The program, which was scheduled to expire Sept. 30, allocates green cards for investors in regional centers designated by U.S. Citizenship and Immigration Services based on proposals for promoting economic growth.
Additionally, select members of Congress have proposed legislation to reform the investor program. This extension grants additional time for interested parties to reauthorize EB-5 with the suggested amendments.
Three other key programs were extended through Dec. 11: the Conrad State 30 Waiver, E-verify and the Non-Minister Religious Worker visa.
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