Both the US House and Senate have passed the bill S.3245, which provides a 3-year extension to the following programs:
1. EB-5 Regional Center program – The Immigrant Investor Pilot Program (“Pilot Program”) was created by Section 610 of Public Law 102-395 (Oct. 6, 1992), and has been extended through Sept. 30, 2012. EB-5 requirements for an investor under the Pilot Program are essentially the same as in the standard EB-5 investor program, except the Pilot Program provides for investments that are affiliated with an economic unit known as a “Regional Center.” Investments made through regional centers can take advantage of a more expansive concept of job creation including both “indirect” and “direct” jobs.
2. E-Verify – an internet-based program used by an employer to verify an employee’s identity and to establish that the worker is eligible to accept employment in the United States.