Legislation would ease restrictions on EB-5

Legislation would ease restrictions on EB-5

EB-5, EB-5 Visa, EB-5 Investment

Senator Lindsey Graham is co-sponsoring a bill that would ease some new restrictions on the EB-5 program, WSJ reported. The bipartisan bill is notably backed by Chuck Schumer and would lower the minimum amount for foreigners investing outside low-employment areas and by allowing some investors to move to the U.S. while they wait for their visas. 

  • The Basics: The program currently allows foreign investors to obtain a U.S. green card in exchange for investing at least $1.8 million into a job-creating development project. The new legislation would lower the minimum investment outside low-employment areas to $1.1 million and extend the program until 2025.
  • What opponents are saying: Funding luxury apartment towers goes against the spirit of the program, which was meant to create jobs in high-unemployment areas.

https://www.dailybeatny.com/2020/01/14/legislation-eb-5/

States

  • New York


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.