Tag Archives: GT Insight

President Trump Signs Appropriation Packages Extending Vital Programs Like EB-5 and Preventing a Government Shutdown

On Dec. 20, 2019, President Trump signed H.R. 1865, an eight-bill appropriations bill that extends the vital EB-5 program until Sept. 30, 2020, among other things. The president also signed H.R. 1158, a four-bill appropriations package that deals mainly with national security issues. Upon his signature,  these actions fund and maintain the operation of government … Continue Reading

Congress Releases 12-Bill Funding Package to Extend Vital Programs Such as EB-5 and to Prevent a Government Shutdown

On Dec. 16, Congressional leaders negotiated and debuted a $1.37 trillion spending package to fund the operational needs of the country and extend vital programs such as EB-5. The massive spending package is in two packages with Division 1-Extensions, Title 1, Immigration Extensions calling for the EB-5 extension: 17 SEC. 104. Section 610(b) of the … Continue Reading

EB-5 Final Rule Challenged in U.S. Federal District Court

On Nov. 26, 2019, a complaint for Injunctive Relief and a Temporary Restraining Order was filed by Florida EB-5 Investments, LLC against the Department of Homeland Security (DHS) challenging a Nov. 21, 2019, DHS-issued final rule amending its regulations for the EB-5 program to purportedly modernize the rules (EB–5 Immigrant Investor Program Modernization, 84 Fed. … Continue Reading

EB-5 Update – New Regulations to Take Effect and Regional Center Program to be Extended Through Dec. 20, 2019 

The EB-5 Regional Center Program was set to expire on Nov. 21, 2019. On Nov. 18, Congress introduced a Continuing Resolution (CR) to fund the government and extend vital programs such as EB-5 through Dec. 20, 2019. Leaders hope to use the additional time to extend current operations and complete fiscal matters and other priorities before … Continue Reading

Washington EB-5 Update

As a reminder to our readers, the Obama-era EB-5 Regional Center regulations – see July post for details – go into effect Nov. 21, 2019. USCIS has published a webpage resource to help explain the implementation of the upcoming regulations here. This is a period of significant change and activity on the EB-5 program. Clients are … Continue Reading

Comprehensive EB-5 Modernization Legislation Introduced in the U.S. Senate

Today, Senators Graham (R-SC), Rounds (R-SD) and Cornyn (R-TX) introduced the “Immigrant Investor Program Relief Act” (S. 2778, the Act) proposing long overdue improvements to modernize the EB-5 program in alignment with industry and market principles.  The Act reflects a fair compromise between rural and urban stakeholders providing substantial market advantages to rural and urban … Continue Reading
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