Congress Passes Continuing Resolution: EB-5 Direct Remains at $500K and Regional Center Program Still Suspended until February 18, 2022
On Friday, December 3rd, 2021, President Biden signed a bill passed by Congress on Thursday, December 2nd to temporarily fund the U.S. federal government through February 18, 2022, in turn further suspending the reauthorization of the EB-5 Regional Center Program that expired on June 30, 2021.
The bill does not include any changes to the direct EB-5 program, which remains as the only active EB-5 investment option, and at the temporarily reduced $500,000 investment amount for projects located in high unemployment or rural TEAs.
Time is of the essence. Investors can immediately invest and file an I-526 petition for a qualifying direct $500K project.
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