Due to a failure to reach an agreement between the U.S. Congress and the White House regarding funding for President Trump's border wall project, the U.S. federal government officially entered a partial shutdown at 00:01 local time on the 22nd (13:00 Beijing time on the 22nd). This also means that the EB-5 Regional Center Program is temporarily suspended.
The U.S. federal government's fiscal year 2018 budget expired on September 30. Previously, the two parties failed to reach an agreement on the new fiscal year 2019 budget, and Congress passed two short-term budget bills to avoid a government shutdown. December 21 was the final day of the second short-term budget bill. On the evening of the 19th (U.S. time), the Senate passed a temporary budget bill that did not include funding for the border wall to ensure the federal government could continue to operate until February 8, 2019. However, the House of Representatives re-inserted the border wall funding into the temporary budget bill at a critical moment, and the Senate failed to pass that version of the bill. This ultimately led to the U.S. federal government shutdown. This is the third time the U.S. government has shut down this year, and the first time in 40 years that it has shut down three times in one year.
For the vast number of EB-5 investors, there is no need to panic. The government will not remain in a state of shutdown indefinitely. Congress needs to reach an agreement on the federal budget as soon as possible. Although the partisan dispute continues, it will still move toward a compromise; therefore, it is highly likely that the EB-5 Regional Center Program will be included and receive an extension. Worldway Group will continue to monitor the latest developments in Congress and provide timely follow-up reports.
Worldway Group reminds everyone that if you are preparing an application for submission, you must fully cooperate with your attorney's relevant preparations and submit it to the USCIS as soon as possible. If you intend to immigrate to the United States, please choose high-quality EB-5 projects and professional immigration companies to make full preparations for your U.S. immigration. Before the policy changes, you still have the opportunity to apply at the current lower investment amount! Seizing the opportunity means seizing wealth!
Under the current situation, investors can choose high-quality projects that have been approved by the USCIS, have the potential to shorten waiting times, have completed all job creation, and offer first-priority repayment guarantees. These advantages will greatly protect the interests of investors and help them successfully immigrate to the United States.
Highly popular EB-5 projects in the EB-5 market from Worldway Group: the 9th Avenue Luxury Boutique Hotel in Manhattan and Dallas No. 1 are both rare, high-quality projects.
Quotas for high-quality projects are limited. Those interested in immigrating to the United States, please make your choice as soon as possible. For more details, please call: 400-138-2929.