EB-5 Program Extended Without Change through September 30, 2016


On December 18, Congress voted to reauthorize the Immigrant Investor (EB-5) Pilot Program without change through September 30, 2016. The EB-5 program was scheduled to sunset on September 30, 2015 but was granted two short-term reprieves while lawmakers debated several changes which would have made investing in the program more difficult, including increases to the minimum investment amount and restrictions on the calculation of indirect job creation.

Though the legislation reportedly enjoyed broad support on both sides of the aisle, Congress was unable to agree on final language and the program was approved without change as part of the omnibus appropriations bill for fiscal year 2016. As a result, the program continues to provide permanent residence to foreign investors who commit a minimum of $500,000 to a new business that employs 10 full time workers, and investments made via the popular Regional Center route continue to allow for indirect job creation.

The program sunsets at the end of every fiscal year, so changes may still be on the horizon in 2016.

For more information, please contact your Haynes and Boone, LLP Immigration lawyer:

Related Practices

Email Disclaimer