EB-5 Regional Center Program Extension Awaits Final Action from WashingtonDecember 24, 2020
Over the past two weeks, Congress has passed a series of days-long stop gap measures known as continuing resolutions to prevent a government shutdown and to allow more time to negotiate the terms of the 2021 funding package. The latest was a seven-day continuing resolution until December 28th when Congress is now set to reconvene. Although the government will avoid the potential for a shutdown over the Christmas holiday many unknowns remain. However, it appears clear that the intention of lawmakers is for the EB-5 Regional Center Program to remain in place through June 30, 2021.
CMB will continue to monitor this extension, and what it could mean for future reauthorization and/or reform of the EB-5 Regional Center Program.
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CMB engages Prevail Capital, LLC, a broker-dealer registered with the SEC and a member of FINRA and SIPC, to be the administrative placement agent for all CMB EB-5 partnerships.