Government Shutdown Over; Regional Center Program Extended
Today, February 15, 2019, the longest government shutdown in U.S. history ended when the President signed the “Consolidated Appropriations Act, 2019” which provides a short-term spending bill to fund the federal government and extend EB-5 Regional Center Program through September 30, 2019. The legislation did not include the significant amount of funding for a border wall as the President requested, but rather placed some limits on the where a wall can be built.
For the remainder of the fiscal year, which ends on September 30, 2019, industry stakeholders, EB-5 investors, and EB-5 developers will need to closely monitor potential changes to the overall EB-5 Program.
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