Washington Report

Advocacy Updates from Washington D.C.

EB-5 Reauthorized in Draft CR

The proposed Continuing Resolution that temporarily avoids a government shutdown extends the EB-5 Regional Center Program through December 11, 2015.  Government funding legislation must be passed by both the House and Senate by September 30, 2015, the end of the federal fiscal year, which coincides with the deadline for EB-5 reauthorization.

NAR is part of a coalition that is advocating for reauthorization and reform of the EB-5 program. The EB-5 Regional Center Program allows overseas investors to earn a green card if they invest at least $500,000 and create 10 non-temporary jobs.  This coalition will be working to get this passed in the Senate and House to prevent a govt. shutdown and reauthorize the program.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.