The Continuing Resolution (CR) signed by President Barack Obama today officially extends authorization of the EB-5 Regional Center Program through December 9 which was due to lapse on September 30. The funding measure, passed both House and Senate earlier this week, takes effect immediately.
The EB-5 Regional Center Program has facilitated billions of dollars in direct foreign investment from countries such as India and China into a diverse range of development projects throughout the United States, generating over $15 billion from 2005-2015 and creating well over 100,000 new US jobs in that time.