President Obama Officially Signs EB-5 Regional Center Program Extension for 3 Years
On September 28, 2012, U.S. President Obama officially signed the bill extending the EB-5 Regional Center Program for three years, making the EB-5 program extension effective. The signed S.3245 bill by President Obama extends the expiration date to September 30, 2015. The signed S.3245 bill includes: EB-5 Regional Center Program, 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 this year. On August 2 of this year, the U.S. Senate unanimously passed the S.3245 bill for the investment immigration regional center program extension for three years. On September 13, shortly after the U.S. House of Representatives' recess, the bill was passed with a high vote. On September 28, President Obama signed the S.3245 bill, making the law effective, and the EB-5 extension for three years is finally settled.
In the context of the U.S. presidential election, the bipartisan support for the EB-5 program, evident from the high votes in both houses, underscores the significance of the EB-5 program to the U.S. government. In light of the current unfavorable employment situation in the U.S., the EB-5 Regional Center pilot program, which can generate considerable employment numbers and attract foreign investment without increasing any national expenditure, 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.
With the EB-5 program extension for three years finally in place, U.S. investment immigration immediately enters the post-9.30 era. Worldway will hold the first policy interpretation meeting after the extension on October 13 in Beijing, providing authoritative insights into the direction of U.S. investment immigration policy. Investors are encouraged to call the VIP hotline to make appointments at 400-138-2929.
[Related Reading]
August 2: Senate Passes EB-5 Extension Bill
September 13: House of Representatives Passes EB-5 Regional Center Program Extension Bill with a High Vote
September 28: President Obama Officially Signs EB-5 Regional Center Program Extension for 3 Years
