S.3245 WAS SIGNED INTO THE LAW BY PRESIDENT OBAMA ON FRIDAY, SEPTEMBER 28TH, 2012. THE VISA EXTENDS THE EXPIRATION DATES OF THE EB-5 REGIONAL CENTER PROGRAM, THE E-VERIFY PROGRAM AND THE SPECIAL IMMIG

Last Friday, President Obama signed into law an extension of several important immigration law programs.

The EB-5 Regional Center Program, similar to the EB-5 Investor Program, enables stimulation of the U.S. economy by overseas investors, the difference being that the EB-5 Regional Center Program is provided for by “The Immigrant Investor Pilot Program” through investments that are affiliated with an economical unit known as a “Regional Center”. However, in both cases there is a minimum investment and a job creation requirement.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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