According to the latest information provided by the Worldway Immigration Group's Los Angeles customer service center, on January 22, U.S. local time, the Senate and the House of Representatives passed a three-week temporary government funding bill with votes of 81:18 and 266:150, respectively, keeping the government open until February 8. Subsequently, President Trump signed the bill.
With this, the 69-hour federal government shutdown crisis has finally ended, and operations officially resumed on Monday. This also means that the EB-5 Regional Center Program has been extended to February 8.
On January 19, the standoff between the Republican and Democratic parties over immigration issues led to the government shutdown. The Obama administration had implemented the Deferred Action for Childhood Arrivals (DACA) program, which deferred the deportation of these so-called "Dreamers," allowing them to study and work in the United States, but the Trump administration rescinded the DACA program.
The key to the passage of this temporary government funding bill by Congress was the Republican Party's concession on the DACA issue, promising to advance the deliberation of the DACA issue before February 8, even if other immigration issues have not yet reached a consensus. Thus, the federal budget shutdown crisis has temporarily subsided, and just hours after the government ended the shutdown, thousands of furloughed federal employees began returning to work.
So, what will happen after the U.S. federal government's temporary funding bill expires on February 8? Worldway Immigration Group will continue to monitor the latest developments in Congress and provide timely follow-up reports. Please follow the official website and WeChat public platform of Worldway Immigration Group. If you have any questions regarding related matters, please feel free to contact us.
At this moment, there are only a little over two weeks left until February 8. We suggest that interested and eligible investors choose high-quality EB-5 projects and apply as soon as possible to seize the "bonus period" of the new round of U.S. investment immigration with a low threshold of only $500,000, so as to avoid being affected by future policy fluctuations and the increasingly loud calls for price increases.
Currently, the 9 Manhattan Luxury Boutique Hotel project, for which Worldway Immigration Group serves as the exclusive agent in Greater China, is highly favored by investors and is a rare, high-quality project. The 9 Manhattan Luxury Boutique Hotel project is the only project in Manhattan expected to shorten the visa waiting period and offers first-priority repayment, which greatly protects the interests of investors and helps them successfully realize their dream of immigrating to the United States.
Project Advantages:
● The first EB-5 project in Manhattan that meets the definition of "Urban Priority Investment Area" in the draft bill and is expected to be exempt from visa waiting periods
● A rare EB-5 project in the market with first-priority repayment in Manhattan
● High equity investment ratio by the developer and low debt ratio
● The LTC (Loan-to-Cost) ratio at the maturity of the EB-5 loan is only 26%, and the project has excellent refinancing capability
● Sufficient employment creation and completion guarantee
● The project has already started construction, and some jobs have already been created
● Adheres to industry-leading high compliance standards to ensure highly transparent supervision and use of EB-5 funds
● If an investor's I-526 is denied, the developer's wholly-owned subsidiary provides a refund guarantee
● Superior geographical location and strong market demand
● Top-tier developer DLJ joins forces with EB-5, and Worldway Immigration Group joins hands again after the Four Seasons Hotel and Resort project, a strong partnership
The 9 Manhattan Luxury Boutique Hotel project is currently in hot demand, with limited spots available. Interested investors should seize the opportunity! Project hotline: 400-138-2929.