To avoid a government shutdown, the U.S. Congress has officially passed the Consolidated Appropriations Act, 2021. This appropriations act includes a $1.4 trillion federal government budget for the current fiscal year and a $900 billion second round of relief legislation. Previously, the widely discussed H.R.1044/S.386 bill, aimed at "eliminating per-country visa caps for employment-based categories," and the EB-5 Reform and Integrity Act, known as "S.2540," were both unable to be attached to the budget bill. Although the EB-5 Regional Center Program bill was successfully attached, it was not extended until September 30, 2021, as is customary, but was instead extended until June 30, 2021.
It is reported that the shortening of the validity period for this EB-5 Regional Center Program reauthorization serves as a clear signal from senior Senator Grassley and other individuals long committed to EB-5 reform to the EB-5 industry: "it forces all interest groups in the EB-5 industry to reach a consensus on reform as soon as possible." Currently, relevant agencies and stakeholders are still working on the H.R.1044/S.386 bill and actively promoting the introduction of a new EB-5 reform bill. The EB-5 legislation may see a legislative turning point in 2021. We also hope that after President Biden takes office, the relevant EB-5 draft bills will have the opportunity to be passed; let us continue to wait and see. Worldway Group will continue to monitor the latest news on EB-5 reform and provide updates as soon as possible.
Currently, the U.S. Citizenship and Immigration Services (USCIS) continues to receive and process immigration applications as usual. For investors with a rigid demand for immigrating to the United States, they should act according to their own circumstances in a timely manner, lock in high-quality projects early, and "prepare early, apply early, join the queue early, and benefit early"!
As one of the few EB-5 projects in the market that meets the new regulation's $900,000 lower investment threshold, the Yellowstone Club Phase II is highly favored by investors. This project combines multiple outstanding advantages, including having obtained dual USCIS approvals, having already exceeded employment creation requirements, offering a loan repayment secured by assets worth five times the investment, and maintaining transparent capital supervision, thereby significantly protecting investor interests.
Ten Advantages of the Yellowstone Club Phase II EB-5 Project
1. A rural area EB-5 project, enabling immigration at the lower $900,000 threshold.
2. The project has already received both I-526 exemplar and project-specific approvals.
3. Extremely high employment multiplier; construction has started, and required jobs have been created in advance.
4. Low EB-5 capital ratio with a high equity investment ratio.
5. Ultra-high value collateral, with collateral value up to 5 times the EB-5 loan amount.
6. Strong brand appeal of the Yellowstone Club, with over 1/2 of the apartments pre-sold.
7. Branded, operated, and managed by the renowned luxury hotel brand, Montage.
8. Developed and constructed by the experienced and capable developer, CrossHarbor.
9. A replication of the successful experience of the Yellowstone Club Phase I EB-5 project.
10. Stringent oversight by a professional EB-5 team & the 3rd successful collaboration between Worldway and EB-5.
Good projects do not wait; please book as soon as possible. For project details, please inquire: Mainland China: 400-138-2929; Hong Kong, China: (852) 2802 8798.
Some material in this article is sourced from the internet, and the copyright belongs to the original author. If there are any issues regarding copyright, please contact us for removal. Investment involves risks, and the above information is for reference only.