Yesterday the U.S. House of Representatives passed a short-term funding bill (H.R. 2028) known as a continuing resolution that would extend funding for the U.S. government through April 28, 2017. The bill passed by a vote of 326-96. The bill includes a provision continuing the EB-5 regional center program unchanged through the same date.
The U.S. Senate is now considering the House-passed bill. The Senate might not pass the bill today because of a controversy over providing health care benefits for coal miners. If the bill doesn’t pass by midnight today, technically the U.S. government would shut down. All signs point to a resolution by Sunday or Monday, however. In that case a temporary shutdown would not have any real impact, since little government work goes on over the weekend, and the government would have funding again starting Monday or Tuesday, including the EB-5 program.
We will continue to keep you informed on the latest updates on the bill.