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EB-5 Insights Where Government Policies and Business Realities Converge

U.S. House of Representatives Passes Continuing Resolution to Fund Government and Extend EB-5

Posted in Continuing Resolution (CR), EB-5 Program

Late Thursday (Jan. 18), the U.S. House of Representatives approved a Continuing Resolution (or CR) to prevent a government shutdown and extend vital programs, such as EB-5, through Feb. 16, 2018. The House approved the measure mainly on party lines by a vote of 230-197. Six Democrats voted in favor of the CR with a majority of Republicans and 11 Republicans voted against the CR.

The legislative vehicle for the CR, H.R. 195, was transmitted to the U.S. Senate where it is the pending business. The U.S. Senate must act before 11:59:59 p.m. Friday or a possible government shutdown could occur.

We will update the legislative situation as events merit.

For more information on the Continuing Resolution, click here.