• Skip to navigation
  • Skip to content
Print-logo
  • Home
  • Projects
  • about
  • blog
  • Newsletters
  • Categories
    • General
    • EB-5
    • Events
    • Projects
    • Fraud
    • Investigations
    • Regulatory
  • Authors
  • Contact
Logo1

The EB-5 Piece of the Omnibus Spending Bill Is Settled

Viji Durga  December 09, 2015   comments   General

The road to extending the EB-5 program has been a long and winding, not to mention occasionally rocky one, but an end is finally in sight.

The measure will either be extended under a Continuing Resolution on Friday, when spending authority expires. Or, in the unlikely event that Congress does finish its business by Dec. 11 (Speaker of the House Paul Ryan says Congress will need some more time) the EB-5 measure will be part of the Omnibus spending package.

Either way it is passing.

The first question that comes to mind, of course, 'what does it say?' The second is, 'how do you know?' Let's start with question No. 2.

Amending a Draft

Last month Congress circulated a draft document on the legislation that disappointed many in the industry and generated a number of comments to Congress, Jim Butler, partner and chairman of the Chinese Investment Group atJeffer Mangels Butler & Mitchell LLP in Los Angeles told GlobeSt.com.

The Washington DC association formed to advocate for EB-5, IIUSA, or Invest In The USA, spearheaded the comments and presented a markup to Congress of its initial draft, Butler said.

That led to a new draft, one to which all of the relevant parties have agreed, barring a last minute crisis, he said.

Source:  http://www.globest.com/news/12_1255/national/legislative/The-EB-5-Piece-of-the-Omnibus-Spending-Bill-Is-Settled-364145-1.html

Read more by clicking below image

comments powered by Disqus
Subscribe to News
Most Popular News
  • SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center

    SEC Halts $150 Mio. Ponzi Scheme with ties to EB-5 Regional Center
  • The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I

    The Rise and Fall of South Dakota: A Cautionary Tale for EB-5 Public Private Partnerships Part I
  • Former EB-5 Visa Regional Center El Monte Being Investigated

    Former EB-5 Visa Regional Center El Monte Being Investigated
  • Successful Raise: EB-5 Funded Project Closes in Massachusetts

    Successful Raise: EB-5 Funded Project Closes in Massachusetts
  • China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

    China EB-5 Visas “Unavailable” for Remainder of FY2014 – What Does This Mean?

Most Popular Commentary
  • More Cautions About New EB-5 Policy Changes

    More Cautions About New EB-5 Policy Changes
  • Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective

    Lessons I Learned From My First EB-5 Capital Raise: A Developer’s Perspective
  • Perspectives on New EB-5 Policy Memo: Promise and Possibility

    Perspectives on New EB-5 Policy Memo: Promise and Possibility
  • Publicity and EB-5 Offerings: What on Earth Are You People Doing?

    Publicity and EB-5 Offerings: What on Earth Are You People Doing?
  • EB-5 Regional Center Payments to Chinese Emigration Agents

    EB-5 Regional Center Payments to Chinese Emigration Agents

Contact Us

EB5 News
email:michael@usadvisors.org

Latest Posts

  • Do I Meet The EB-5 Minimum Investment Requirement?December 02, 2020
  • American Dream offers visa residency by investmentDecember 01, 2020
  • Upcoming EB-5 Visa Bulletin for December 2020 & Latest NewsNovember 25, 2020

Follow Us

  • © 2021 EB5News.com All rights reserved.
  • Sign in
  • Sign up
  • Site Map