The EB-5 Immigrant Investor Program Has Been Extended Until December
With the passage of the Continuing Resolution that will fund the government to December 11, 2015, the EB-5 Immigrant Investor Program has also been extended. With a sweeping 277-151 vote in the House and 78-20 vote in the Senate, Congress has pushed to fund the government until December. In this bill, the Eb-5 program which was set to expire on September 30, 2015, has also been extended. This temporary extension will provide more time for legislators and the EB-5 community to continue to address and finalize EB-5 reform. Further legislation is needed to continue the EB-5 program long term as the future is still unclear.
EB-5 program has recently come under criticism by the Government Accountability Office under the report “Immigrant Investor Program: Additional Actions Needed to Better Asses Fraud Risks and Report Economic Benefits”. Regardless of the criticism, it is undeniable the benefits the program as yielded and the great opportunities it provides both to immigrants and to the U.S economy. The EB-5 community is optimistic that it will improve upon the current program with legislators and create a better EB-5 program that will serve its purpose to benefit the U.S economy while providing opportunities to potential immigrants.
To learn more about the EB-5 program, please visit http://www.hooyou.com/eb-5/.
Zhang & Associates, P.C. has successfully represented many EB-5 cases. If you would like to contact us, please email us at email@example.com. Our attorneys will use their experience, expertise, and teamwork to ensure the highest quality of service. If you already retained another attorney but want to know a second opinion or have further concerns, you are welcome to retain us for fee-based consultation or quality control services.
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At Zhang & Associates, P.C., our attorneys and supporting professionals are committed to providing high-quality immigration and non-immigration visa services. We specialize in NIW, EB-1, PERM, and I-485 cases. In the past nineteen years, we have successfully helped thousands of clients get green cards. If you plan to apply for a green card, please send your CV to Attorney Jerry Zhang (firstname.lastname@example.org) for a free evaluation.
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