News reports say that Congress has agreed on a budget until September 30th. Section 542 extends the EB-5 Regional Center statute without change to September 30th. Reports from Washington indicate that Senator Grassley continues to press for a new EB-5 statute, but others oppose him. Congress will vote on the bill and the statute will be extended to September 30th.

I am still worried that USCIS may implement an investment increase per their proposed rules published for comment in January. These rules may increase the investment amount to $1.35 million in a TEA. I believe Congress this summer may settle on a Compromise EB-5 RC extension bill. I will keep you posted about what I hear from Washington.

Targeted Employment Area (TEA) Seminar

Impact DataSource will hold a free TEA webinar tomorrow (Tuesday) at 2:30PM EDT / 11:30AM PDT. Economist Michael Kester will be leading the webinar which will walk through what you need to know about TEAs in 2017. To register for the free seminar, go to: https://register.gotowebinar.com/register/890656477697719809

If you have any questions you would like discussed during the webinar, please e-mail Michael at michael@impactdatasource.com.