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After extended debate, the U.S. Senate set-aside the House-passed Continuing Resolution (CR) and negotiated and passed a CR funding government and programs, including EB-5, until March 23, coupled with a sweeping 2-year budget agreement for FY 18 and FY 19.  The extended debate exceeded the previous CR time extension of midnight Feb. 8, which resulted in a lapse of Appropriations or government shut-down.

The Senate voted 71-28 early Friday morning to approve the budget agreement and the House followed several hours thereafter approving the agreement 240-186. The president signed the agreement into law after an 8-hour lapse in Appropriations.

This agreement will jump-start current-year Appropriations negotiations during the 6-week CR period and provide Congress the guidance to have regular order in the Appropriations process for FY 2019.

We will continue to monitor developments and encourage readers to follow us here.

For more information on the Continuing Resolution, click here.