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U.S. Congress Includes EB-5 Program in Latest Stopgap Resolution

Invest In The USA (IIUSA) has released a statement thanking Congress for including the EB-5 program in the latest Stopgap Continuing Resolution. The legislation, yet to be signed by President Trump, extends the program beyond the previously set September 30th end date without changes. They have also urged Congress to reach a permanent legislative solution before the newly set end date of December 8th.The statement briefly discusses the $20 billion in low-cost development capital the EB-5 program has contributed to the United States economy since the 2008 recession. It points out that if the program is allowed to lapse, $13.7 billion dollars in EB-5 investments will no longer be available to support “hundreds of thousands of American jobs” or contribute $48.5 billion dollars to U.S. GDP.FirstPathway Partners is grateful for the actions Congress has taken and is committed to continuing our active pursuit of permanent program authorization in 2017.

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