I spoke with China Daily on March 21 discussing the possibility of an EB-5 extension in the coming week.
“It’s expected that Congress will approve another clean extension (meaning no changes) to the current EB-5 program until September 30,” Cornell University law professor Stephen Yale-Loehr said in an interview on Tuesday.
“The investment minimums for the program would have increased from $500,000 and $1 million to $925,000 and a little over $1 million,” said Yale-Loehr. He added that a job creation requirement also would have increased to nine (for $925,000) and 12 (for more than $1 million).
In the end, the prognosis for action (on EB-5) is slim to none. It’s hard to get Congress to do anything that is controversial, especially with the mid-term elections approaching.
The article, by Paul Welitzkin, can be accessed here: http://www.chinadaily.com.cn/a/201803/21/WS5ab267f5a3106e7dcc14547c.html