EB-5 Regional Center Program Extended through June 30, 2021December 27, 2020
There have been significant conversations, including a bipartisan supported bill, the EB-5 Reform and Integrity Act of 2020, introduced by Senators Grassley and Leahy, regarding improved integrity measures and a long-term extension, which is expected to be introduced in the beginning of the next congressional session.
The six-month extension allows a prospective EB-5 investor the necessary time to perform due diligence and make an informed decision on which regional center and EB-5 project is best for them and their family to invest into. However, this period of time will move quickly, and there is no guarantee that Congress will reauthorize or amend the EB-5 Regional Center program by the expiration date, especially since the current expiration of the EB-5 Regional Center Program is no longer tied to the other federal funding programs.
CMB will continue to monitor this extension, work with both sides of the aisle to encourage and support the efforts to achieve the reauthorization and integrity reform, and work with our prospects to assist them in their EB-5 pursuits.
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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.