Amendments and
Effective Changes to the
EB-5 Regional Center Program
Delayed for Consideration until
September 30, 2016
by Enrique Gonzalez, III
40
On December 15, 2015, the American
specifically targeted those immigrant
Job Creation and Investment Promotion
investors (and the eligible spouses and
Reform Act of 2015’s enactment was
children of such immigrants) pooling
postponed for consideration. In its place,
their investments with one or more
a simple extension of the EB-5 program
qualified immigrants participating
will be implemented, without change,
in Regional Center Programs in the
until September 30, 2016. The Act sought
United States. The Act contained six
to reauthorize the EB-5 Regional Center
new provisions detailing the proposed
Program in order to promote and reform
EB-5 procedural changes, and these
foreign capital investment and job cre-
provisions will be briefly outlined and
ation in American communities. This Act
discussed below.