(Source: Washington Post) The original plan was to attract foreign investment to
blighted neighborhoods. But instead, the controversial EB-5 investor
visa enabled affluent Chinese to park their cash in high-end real estate
in Beverly Hills and Manhattan — benefiting developers such
as President Trump and his son-in-law, Jared Kushner. Now
the visas criticized as “green cards for cash” face a questionable
future, with some members of Congress refusing to reauthorize the
program, which expires Friday, unless there is significant reform. Proponents
of the program argue that the investor visas provide much-needed
capital for economic development. Critics say it encourages a two-tier
immigration system favoring the rich over those fleeing wars,
persecution and poverty. Read blog at https://www.washingtonpost.com/
Join us in Chicago June 6 to learn the latest Chinese regulatory changes and trends! Please register online at https://2017investusa.eventbrite.com
