The current policy for the U.S. EB-5 investment immigration program is approaching a critical expiration date of March 23, making the future of the EB-5 Regional Center Program a hot topic in the industry once again. Will the EB-5 Regional Center Program be able to ride the coattails of the government budget bill to secure another extension?
According to information provided by the Worldway Group Los Angeles Customer Service Center, the U.S. Congress released a massive $1.3 trillion spending agreement on the evening of the 21st, which will fund government operations through the end of September. The agreement has currently received support from President Trump and is expected to be voted on in both the House and Senate this Friday to avoid another government shutdown.
The industry association for U.S. EB-5 investment immigration, IIUSA, has been working to urge lawmakers to reach a consensus on the reform and extension of the EB-5 Regional Center Program. Congressional leaders in the judiciary have also been actively pushing for the passage of a compromise reform bill for the positive development of the EB-5 Regional Center Program. Unfortunately, this draft bill was not included in the current government budget proposal. However, it is worth noting that the government budget bill scheduled for a vote on March 23 still retains the provision to extend the current EB-5 Regional Center Program as-is until September 30, 2018.
It can be seen that although the reform of the EB-5 Regional Center Program failed to be included, it was not rejected either. In the future, Congress and IIUSA members will continue to work tirelessly and persist in promoting EB-5 bill reform and advancing the legislative process for the compromise draft.
Worldway Group will continue to monitor the latest developments regarding the EB-5 bill and share them with investors as soon as possible.
Worldway immigration experts remind investors: If the EB-5 Regional Center Program is extended until September 30, it means that investors can still immigrate to the United States at the low cost of $500,000. Investors should apply as soon as possible to catch the last train for the $500,000 low-cost U.S. immigration opportunity, while choosing EB-5 projects that have the potential to shorten visa waiting times, and seize this rare policy opportunity.
As a leading institution in investment immigration, Worldway Group has been deeply involved in U.S. investment immigration for 21 years. We always prioritize the interests of our investors and use our consistent forward-looking vision to recommend high-quality projects to our clients.
Currently, the Manhattan No. 9 luxury boutique hotel, for which Worldway Group serves as the exclusive agent in Greater China, is the only EB-5 project in Manhattan with the potential to shorten visa waiting times and offers first-priority repayment. Since its launch, this project has been highly sought after by investors, sparking a wave of enthusiasm for U.S. investment immigration. The project is currently in high demand, and spots are limited. Interested investors should seize the opportunity! Hotline: 400-138-2929.