With an expiration date of December 16th, Congress announced the EB-5 Program would be extended yet again, this time until April 28th. This short-term extension comes with no proposed reforms.
EB-5 professionals theorize this extension will provide critical time to get a new bill passed. With the new bill, an updated investment requirement of $800,000 (from the current $500,000) would likely take effect. Low unemployment areas would likely see an increase of $200,000, from the current $1 million. And, quite possibly, targeted employment areas, or TEA’s, could become redefined.
FirstPathway Partners will continue to provide updates.