Budget Legislation Doesn’t Extend EB-5 Program, Suit Says

Law360, New York (October 11, 2016, 7:28 PM EDT) — The federal government didn’t actually extend the EB-5 investor pilot program beyond its expiration date when President Barack Obama signed H.R. 5325, a nonprofit organization claimed in a suit filed Friday in Texas federal court, saying the budget legislation didn’t specifically name the program.

The U.S. Department of Homeland Security and U.S. Citizenship and Immigration Services did not receive authorization to extend the life of the immigration investment program until Dec. 9, Urban Equality Now said in its complaint. The program was set to expire Sept….

Source: Law360