EB5 Investors Magazine Volume 3 Issue 3 | Page 42

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.