September 2021 will come and go without a reauthorization of the EB-5 Regional Center Program, leaving over 85,000 foreign nationals in immigration limbo after investing a minimum of $500,000 into the U.S. economy.
Is EB-5 still active?
The EB-5 program has weathered short-term lapses in the past, although nothing on this scale. During such lapses, the main job of Regional Centers is to reassure investors. However, the market has remained surprisingly active.
Is EB-5 suspended?
Why Did the EB-5 Regional Center Program Expire? ... Senator Chuck Schumer failed to bring forth temporary reauthorization to keep the program afloat until a decision on reform is reached, and that was that—once the clock struck midnight on July 1, 2021, the EB-5 Regional Center Program was officially suspended.