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Continuing Resolution Extends EB-5 Regional Center Program through December 18, 2020December 12, 2020

Congress has passed a bill, which has been signed by President Trump, to extend the EB-5 Regional Center Program through December 18, 2020.  The bill, known as a continuing resolution, serves as a stop-gap measure to avoid a shutdown of the federal government and numerous federal programs that were set to expire on December 11th, including the EB-5 Regional Center Program.

Congress is currently working to agree on a longer term federal appropriations bill by the December 18th deadline, which will likely extend funding and programs to the end of the fiscal year on September 30, 2021.  However, another short-term extension could be used to allow the incoming President-elect Biden and Congress to develop a longer-term plan.

We appreciate the efforts in Washington, D.C. to ensure that our government doesn’t experience a short-term shutdown, and that the important EB-5 Regional Center Program is consistently renewed.  We look forward to renewed efforts from Congress to establish a long-term reauthorization to this important program.

If you are currently looking to move forward in pursuit of an EB-5 visa, time is of the essence.  Although we anticipate continued renewal, there is no guarantee that the EB-5 Regional Center program will be re-authorized by December 18th.

If you would like to learn more about the EB-5 Investor Visa or CMB’s current EB-5 offerings, please contact us to schedule a free initial consultation with a CMB Investor Relations Manager.

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.

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