On September 28, 2018, President Trump signed H.R. 6157, with a short-term continuing resolution (CR) preventing a government shutdown and extending certain programs, including the EB-5 Regional Center Program, through December 7, 2018. Without the CR, the EB-5 Regional Center Program would have expired on September 30, 2018. The CR extends the EB-5 Regional Center Program without any changes. The spending bill includes funding for the departments of Defense, Education, Health and Human Services, and Labor.
To date, Congress has approved five of 12 appropriations bills. A four-bill minibus is in conference and the balance of three appropriations bills await further action. It is widely believed that additional congressional action will occur after the upcoming mid-term elections in November. We continue to closely follow activity on Capitol Hill as efforts towards EB-5 reform continue.