Thursday, May 4, 2017

After Another Last-Minute Extension, Legislators Focus on EB-5 Reform

(Source: The National Real Estate Investor) This week, Congress extended the EB-5 investor visa program in its current form through September 30, 2017, as part of the new government budget deal. After about two years of re-enacting the program as-is, sources say there are now genuine efforts afoot to reform it sooner than later. Minimum investment amounts, stricter oversight and reclassification of targeted employment areas (TEAs) are on the debate agenda. Longstanding visa-processing inefficiencies within the EB-5 program also need attention. See the report at http://www.nreionline.com/investment/

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