The extension of the reauthorization for the EB-5 Investor Visa Program may lapse on September 30, 2016. Whether lawmakers will invest time in EB-5 this coming month is an open question, but it is more probable than not that we will see no movement. Every day, it becomes less likely that EB-5 will be on the agenda of lawmakers. Despite inroads to advance legislation to introduce integrity measures to the Program, there is no indication that lawmakers act. Anything is possible, and lawmakers could surprise us. But there is little time for reaching any consensus on changes to the Program in the coming weeks. With the presidential election looming in the background, EB-5 won’t be near center stage. For now, the status quo may continue for many months and into 2017.
EB-5 Program Reauthorization Running into Lame Duck Session
What are our colleagues at saying about EB-5 and an extension or reauthorization?
If lawmakers do not act we may see the EB-5 Program continued with other federal programs for a temporary period beyond September 30, 2016. We could see an extension of the reauthorization pushing it to the post-election lame duck session of Congress. This would mean continuity of the Program and EB-5 benefits beyond September 30, 2016, but it leaves many questions open for stakeholders in the EB-5 industry and investors.
No Consensus on EB-5 Reauthorization Likely in 2016
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