Redeployment

On December 18, 2020, the Congress passed and the President signed a continuing resolution H.J.Res.107) to fund the government (including the EB-5 Program) from December 18 until December 20. Further continuing resolutions extended the government funding from December 20 until December 21 (H.J.Res.110 — became law on December 20, 2020)…

On September 30, 2020 the Senate approved a continuing resolution to fund the government (including the EB-5 Program) from September 30 until December 11, 2020, which the President signed on October 1, 2020. As such, the EB-5 Regional Center Program has been officially extended until December 11, 2020.

On July 24, 2020, USCIS issued an important Policy Manual update that provides long-awaited guidance affecting capital redeployment after the initial capital deployment has been returned to the new commercial enterprise (NCE). Key points to note from this update include:   – Redeployment must be through the same NCE and…