Law360, New York (April 13, 2016, 7:02 PM EDT) -- Lawmakers revisited the debate over the EB-5 visa program for immigrant investors on Wednesday, with several high-ranking members of Congress criticizing what they say has been an abuse of provisions for targeted employment areas.
There has been a chorus of calls for reforms for the program, which continued during a Senate Judiciary Committee hearing focused on a feature that critics say has been exploited to allow wealthy neighborhoods to qualify for incentives intended for underserved areas.
If a project is in a targeted employment area, or TEA, investors can put in less money to qualify for the visa opportunity. But some...
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!