NewsFlash! Government Shutdown Again Temporarily Avoided, EB5 Extended

Once again, Congress has passed a short-term bill to fund the federal government for a few weeks. The federal budget is now extended through January 19, 2018. This bill also extends the employment-based, fifth preference (EB5) regional center program for the same time period.

No action has yet to be taken on a solution for beneficiaries of the Deferred Action for Childhood Arrivals (DACA) program. Popularly referred to as “dreamers,” these undocumented aliens who were brought to the United States as children face a precarious future now that the Trump Administration is phasing out the DACA program. Some members of Congress threatened to possibly vote against any funding bill that failed to provide some relief to the dreamers, but enough votes were secured to avoid the issue for the time being. It awaits to be seen whether any action will be taken to assist these individuals.

Congress will need to pass another spending bill – hopefully, one that is more long-term – prior to the new January 19, 2018 deadline in order to avoid a partial government shutdown. Subscribe to the free MurthyBulletin to receive future updates.


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