Representatives of the Trump transition team and key members of the House of Representatives leadership agreed that a Continuing Resolution through March 31, 2017, will continue to fund the U.S. government. It is likely that this will be the vehicle for a short-term EB-5 program extension. House Appropriations Chairman Hal Rogers stated Nov. 17:
“The bottom line is that we must fulfill our constitutional duty to responsibly fund the federal government, and do right by the taxpayers who have elected us. To this end, my Committee will begin working immediately on a Continuing Resolution (CR) at the current rate of funding to extend the operations of our government through March 31, 2017.
“We must continue to keep our federal agencies and programs open for business, while looking towards future progress on these vital Appropriations bills. While I’m disappointed that the Congress is not going to be able to complete our annual funding work this year, I am extremely hopeful that the new Congress and the new Administration will finish these bills. I am also hopeful for a renewed and vigorous ‘regular order’ on future annual funding bills, so that the damaging process of Continuing Resolutions will no longer be necessary.”
Greenberg Traurig will monitor these events closely and provide timely updates.