Examining Goodlatte's EB-5 Bill, As Deadline Looms

Law360, New York (September 16, 2016, 11:08 PM EDT) -- With the EB-5 visa regional center program slated to expire at the end of the month, House Judiciary Committee Chairman Bob Goodlatte, R-Va., has introduced a reform bill just weeks before the reauthorization deadline, and its proposals could have a serious impact on foreign investors if passed.

For those who have worked with EB-5 visas, this fall may present a serious case of déjà vu, as the regional center program is once again up for reauthorization amid calls for reform on Capitol Hill.

The EB-5 program provides green cards to foreign nationals who invest at least $500,000 in the U.S., and...

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