Nearing Deadline, EB-5 Reform Will Likely Impede Abusers

Law360, New York (December 2, 2015, 10:52 AM ET) — Changes to the EB-5 Immigrant Investor Program — the massively popular, yet controversial foreign investor program — are currently being considered in Congress. While Congress passed a short-term extension for the EB-5 Regional Center Program through Dec. 11, 2015, a comprehensive EB-5 reform package will likely be considered prior to the end of the calendar year; a number of bills have been introduced. This article provides a short overview of the existing program and then considers potential changes that may be implemented in the reform package….
Source: Law360