EB-5 Modernization Rule No Substitute For Legislative Fix

By Nicole Narea (February 27, 2019, 10:06 PM EST) -- A proposed rule to modernize the EB-5 investor visa program is facing pushback from attorneys who say it raises applicants' minimum investments too high while neglecting reforms that could be achieved through legislation to relieve crippling backlogs.

The EB-5 program allows foreign nationals to obtain green cards if they invest a minimum amount in a project that creates at least 10 jobs for U.S. workers in a certain type of area.

The proposed rule, announced by U.S. Citizenship and Immigration Services in January 2017 and sent to the Office of Management and Budget on Friday for final review, would increase minimum...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!