EB-5, Still Alive

The U.S. Congress is good for at least one thing: Not making a decision. Congress punted again to keep the program alive until April 28th, 2017. There is a bill on the table to bring about some changes, but we gone see.

Congress extended the EB-5 program until April 28, marking yet another short-term renewal of the controversial visa program.

The program, which grants foreign investors green cards after they invest at least $500,000 in job-producing ventures, was set to expire on Friday. EB-5 was included in the continuing resolution Congress passed.

Read Katherine Kallergis’s The Real Deal’s article here:

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