Currently, there is no legislation at the Congress to simply extend the law. However, it is very likely that temporary extension of the regional center law will be added to the government spending bill to be passed by 9/30/16 and extend the law toDecember 9, 2016 (just like last year).
By then it is likely that EB5 reform bill will be debated and possibly passed to extend the law for 5 years.
At this time, there is a bill to reform the regional center law. Among many substantive changes, the minimum investment will be increased to $800,000 for TEA project and $1,200,000 for Non TEA investment. Other proposed changes, if passed as it is, will significantly decrease the viability of the regional center program.
Stay tune for further information and update.