Thursday, May 11, 2017

Texas Senator’s Proposal Would Expand Scandal-plagued EB-5 Visa Program

(Source: Breitbart Texas) Senator John Cornyn (R-TX) is looking to expand the number of wealthy foreign nationals who can pay their way to permanent legal residency in the U.S. under the EB-5 visa.

Cornyn is floating draft legislation that would essentially erase the current cap for EB-5 visas, which is set at 10,000 a year. Under the EB-5 visa, foreign nationals can claim that they will invest $500,000 and thus receive Green Cards for their family for at least two years, with pathways to citizenship available as well. The only requirement is that the EB-5 holder create 10 U.S. jobs. Read report at http://www.breitbart.com

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