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Reauthorization of EB5 Program Hearing Appears Successful

Senator Leahy chaired a Senate Judiciary Committee today on the EB5 Regional Center Program.  Sentator Leahy stated at the hearing that he would like to the program become permanent. He acknowledged that the EB5 program has generated many jobs in the US and developed many rural areas.  Witnesses at the hearing included the President of the Jay Peak resort. As an immigration attorney with a keen interest in the EB5 regional center program, I am encouraged by this hearing that the program will become permanent in due course. The EB5 program created in 1992 is to sunset in September 2012.   More information will be posted on this as and when it becomes available.  In the meantime, here is a link to the webcast of the hearing.

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