On Friday, September 28th, President Obama signed into law a three year extension of the EB-5 Regional Center Program. This extension eliminates any uncertainty applicants may have had regarding the immigrant investor program. We fully expected this extension to be approved given the benefit the U.S. receives in terms of job creating for U.S. workers and capital infusion at a time our economy can really use it.
See the Press Release from the White House:
THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE
September 28, 2012
Statement by the Press Secretary on H.J. Res. 117, S. 3245 and S. 3552
On Friday, September 28, 2012, the President signed into law:
H.J. Res. 117, which provides fiscal year 2013 appropriations for continuing projects and activities of the Federal Government through Wednesday, March 27, 2013;
S. 3245, which extends to September 30, 2015, the expiration dates of key requirements of four immigration programs administered by the Department of Homeland Security: the EB-5 Regional Center Program; the E-Verify Program; the Special Immigrant Non-Minister Religious Worker Program; and the Conrad State 30 J-1 Visa Waiver Program; and
S. 3552, the "Pesticide Registration Improvement Extension Act of 2012," which reauthorizes and modifies fee collection provisions and related authorities in the Federal Insecticide, Fungicide, and Rodenticide Act and the Federal Food, Drug, and Cosmetic Act.
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