Saturday, September 10, 2016
Quick Thoughts on New EB-5 Bill
The new EB-5 bill introduced by Congressman Bob Goodlatte definitely has many good points: increasing non TEA investment requirement to $1.2 million; strong integrity clauses; keeping foreign government interests out of the federal immigration program; total transparency required on overseas agents/finders and its fees. The most attractive part of the new bill is to to set aside total 4000 visas for projects in rural and priority urban areas. However, per-approval requirements of project's business plan is not practical in real world, it may kill many smaller development and manufacturing projects in rural and TEA areas. To learn more about the future market and its trends of EB-5 program, join us in NYC on Oct 26.