EB-5 Passes Unchanged By Congress

WASHINGTON, DC—After all that angst, Congress left the tenets of the program unchanged until this September, when spending negotiations will begin for the following fiscal year.

By Erika Morphy | Updated on December 16, 2015

WASHINGTON, DC—So much for theorizing and leaked information from Washington insiders. In the end, Congress passed the EB-5 program unchanged from its current version. The measure was included, although technically it didn’t have to be, as part of the $1.1 trillion spending and tax bill negotiated with the House of Representatives last night.

To be clear, this is not a done deal –- EB-5 or the spending measure. The full House of Representatives has to vote on the measure on Thursday leaving them less than the 48 hours Speaker of the House Paul Ryan promised for a review. The Senate has to pass it and the President has to sign it. The President has also indicated he will not sign another Continuing Resolution for further negotiations unless it is a very short term one.

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