Will Congress Extend EB-5 Before it Expires?

LOS ANGELES—An EB-5 conference held here earlier this week focused on the importance of keeping the financing program a priority for lawmakers after they return from recess and before its expiration on September 30. The conference, hosted by EB-5 Investors magazine and featuring a keynote address by House Judiciary Chairman Bob Goodlatte, brought together lawyers, worldwide investors and developers who each have a stake in the program’s continuation.  

According to the website EB5coalition.org, the EB-5 Investment Coalition (EB-5IC) is “a broad-based, bipartisan organization of businesses, industry leaders, trade associations and elected officials mobilizing around the shared mission of putting Americans to work by reauthorizing and strengthening the critical EB-5 Regional Center Program.” In fact, employment is a key goal of the program, and its proponents tell GlobeSt.com if the program is allowed to expire, job creation is in danger.