Unleashing the economic and job creation benefit of EB-5

Unleashing the economic and job creation benefit of EB-5

Washington has been busy considering how to use immigration policy as a tool in the midst of the current COVID-19 crisis. The flurry of immigration-related activity includes:

  • a report that a coronavirus stimulus bill could include EB-5 visa relief (the report was contradicted, but not before spurring negative press)
  • President Trump’s first executive order “Suspending Entry of Immigrants Who Present Risk to the U.S. Labor Market During the Economic Recovery” (with EB-5, the job-creating EB category, naturally among the exceptions)
  • the proposed Healthcare Workforce Resilience Act to recapture previously unused visas and disregard the per-country cap specifically for healthcare workers

Mentions

States

  • New York


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