Court Rejects Suit to Delay Immigrant Investor Program Rule
U.S. Department of Homeland Security seal at the agency's headquarters in Washington.
- New rule raises investment threshold
- Regional center didn’t prove irreparable harm
A rule overhauling the EB-5 program, which creates a path to green cards for immigrants who invest in U.S. commercial entities that create jobs for U.S. workers, will go forward without delay, a federal judge ruled.
Judge Richard J. Leon of the U.S. District Court for the District of Columbia found that Florida EB-5 Investments LLC didn’t show that the changes in the new rule, which raise the minimum investment requirement, will result in “certain” decline in the program, and dismissed the regional center’s motion for a temporary injunction.
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