Sen. Grassley said "moneyed" developers quashed reform
The EB-5 visa program, heavily favored by New York developers as a way of raising cheap capital overseas, is headed toward another six-month extension.
The so-called “clean” extension does not include changes backed by Sen. Chuck Grassley, a staunch critic of the program, which gives green cards to foreign investors in exchange for a $500,000 investment.
- New York
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