Projects In Big Cities Remain A Major Hitch In EB-5 Debate

Law360, New York (November 13, 2015, 4:12 PM EST) -- With key EB-5 legislation set to expire in less than a month, talk of compromise on renewal legislation is heating up, but a debate over whether big-city projects will be effectively barred from taking advantage of the investment-for-visa program remains a major stumbling block in talks, according to experts.

After getting a six-week reprieve in September, legislation authorizing the EB-5 regional center program — which aids foreign investors in finding job-creating projects that qualify for the EB-5 green card incentive — is set to expire Dec. 11, and there has been a recent flurry of proposals aimed at forming legislation that...

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