On December 11, 2015, the House passed a short-term funding bill to avoid another government shutdown. The bill allows for the EB-5 Program to continue until December 16th.
Senate leaders have noted that they will not vote on a funding bill until the House does. As a result, Congressional leaders will be facing a tight deadline due to the nature of Senate procedure.
Reports indicate that the House may vote on a long-term funding bill as early as Tuesday, December 15th. As soon as the House passes a bill, Senate Majority Leader Mitch McConnell (R-KY) is expected to file cloture on the funding measure immediately, forcing Senators to wait 30 hours before they can vote on final passage and send a budget bill to President Obama to be signed into law.
Take 30 seconds of your time voice your support for the EB-5 Program at IIUSA’s Legislative Action Center by clicking the “EB-5 is Working” logo below! Whether you are a member, nonmember, Program stakeholder/beneficiary, or supporter, you are welcome to utilize this advocacy tool that is designed to empower you to tell your story of U.S. job creation at no cost to the taxpayer through EB-5 capital investment. Tell your “EB-5 is Working” story today!
(IIUSA) staff, with guest contributors from time to time. We launched the blog in 2010 as part of our commitment to industry development and public education on the EB-5 Regional Center Program (the “Program”). Four years later, a wealth of industry archives can be found exploring this website. We welcome your feedback and thank you for reading!
) by a voice vote to avoid a government shutdown. The original EB-5 extension is included. Yesterday, the Senate passed the short-term, five-day continuing resolution (CR) by unanimous consent, giving lawmakers until December 16th to pass a long-term spending bill for the rest of fiscal year 2016.