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We understand that attempts are being made to include a temporary extension bill in the 2010 Appropriation Bill, that must pass to replace the expiring Continuing Resolution bill, to continue government operations beyond March 6.
There might be a short gap after March 6th for the Appropriation Bill to be signed. Then, there will undoubtedly be attempts to pursue separate stand-alone bills to try to make EB-5 Regional Center a permanent program, as well as make some other improvements to the Program.
Our enquiries have indicated that both the House and Senate, and both Democrats and Republicans, are in support of the Regional Center EB-5 Program. However, there is a disagreement as to whether the extension should be for 5 years or permanent, or the extension should contain other improvements or revisions to the current EB-5 law – and of course there is always the risk that wider immigration issues could enter into the debate.
For further information concerning timing issues click here
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