On September 28, 2012, U.S. President Barack Obama officially signed a bill extending the EB-5 Regional Center Program for three years, making the EB-5 program extension effective. The bill S.3245 signed by President Obama extends the expiration date to September 30, 2015. The signed S.3245 bill includes: the EB-5 Regional Center Program, the E-Verify Program, non-minister religious workers, and the Conrad J-1 Visa Waiver Program.
The previous U.S. EB-5 program was valid for three years, approved by President Obama in 2009, and was set to expire on September 30 of this year. On August 2 of this year, the U.S. Senate unanimously passed the bill S.3245 to extend the investment immigration regional center program for three years. On September 13, shortly after the U.S. House of Representatives concluded its recess, the bill was passed with a high vote. On September 28, President Obama signed the S.3245 bill, officially making the bill effective, and the EB-5 extension of three years was finally settled.
In the context of the U.S. presidential election, the EB-5 program received unanimous support from both the Republican and Democratic parties, passing with high votes in both the Senate and the House of Representatives, highlighting the significant weight of the EB-5 program for the U.S. government. Given the current unfavorable employment situation in the U.S., the EB-5 Regional Center Pilot Program can create considerable job numbers and attract foreign investment without increasing any national expenditure, which will undoubtedly receive strong support from the U.S. government. The U.S. government will actively welcome EB-5 investment immigration applicants, which is undoubtedly good news for EB-5 investors.
The three-year extension of the U.S. EB-5 program has finally been confirmed, and U.S. investment immigration has entered the new era post September 30th. WorldWay will hold the first policy analysis meeting after the program extension on October 13 in Beijing, providing authoritative insights into the direction of U.S. investment immigration policies. Investors are welcome to call the VIP hotline to make an appointment at 400-138-2929.
