EB-5 program: It helps to have friends in high places

EB-5 program: It helps to have friends in high places

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

While acting as chairman of the Senate Judiciary Committee, Sen. Lindsey Graham, R-S.C. — a close ally and golfing buddy of President Donald Trump — is co-sponsoring a bill easing restrictions on the EB-5 program.

That program allows non-American citizens to invest $500,000 in an EB-5 company, which theoretically will provide a certain number of jobs in the U.S. and will allow the foreign investor an opportunity to gain permanent U.S. residency.  

The program has been a bonanza for certain developers who have utilized the funds for equity in building projects such as Hudson Yards in New York.  Another major user of the program is the Kushner family. Jared Kushner’s sister, Nicole Meyer, you may remember, was boosting the program in China until she drew criticism because of her relationship with the president.  

Graham’s bill, co-sponsored by Sens. John Cornyn, R-Texas, and Chuck Schumer, D-N.Y., would reduce the minimum amount required for foreigners to invest in the U.S. in order to qualify for their residency.

It would also reduce the waiting time between the date an investor commits and the date the commitment is accepted by the American parties. This has been a problem in that there have been long waiting periods for foreign investors, which has discouraged them from investing in the program.

The program has been strong in China. Many Chinese immigrants to the United States, which Trump is constantly railing about, have become residents because of the EB-5 program.

Graham’s sponsorship of a relaxation of the rules of the program to benefit investors certainly it will be welcomed by the Trump family.



  • 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.