New EB-5 rules targeting abuse may be eased

2020/01/15 11:23am

Sen. Lindsey Graham and the Hudson Yards development

Senators Lindsey Graham and Chuck Schumer are co-sponsoring the bill, only two months after the new rules took effect, and which were meant to curb fraud

EB-5, the federal visa program that helped fund development projects like the massive Hudson Yards in New York, has been fading recently and on the ropes, a result of fraud and its own popularity. 

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