Tuesday, February 7, 2017

New Legislation Introduced to End EB-5 Immigrant Investor Program

(Source: NBC News)  Two United States senators have introduced legislation to end a controversial visa program popular with Chinese investors that gives out green cards in exchange for investments in American businesses that create jobs. Sens. Dianne Feinstein (D-CA) and Chuck Grassley (R-IA) made their pitch to Congress last week to terminate the EB-5 program, which allows foreign investors to pump between $500,000 and $1 million into projects that spur at least 10 jobs. See report at http://www.nbcnews.com/news/

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