Tougher EB-5 Rules Could Follow Election Season Gridlock
Law360, New York (September 26, 2016, 6:06 PM EDT) -- A Friday expiration date for the EB-5 immigrant investor program and upcoming elections mean lawmakers will likely act further down the road to toughen the troubled program's standards for qualifying projects and prevent abuses, but doing so will mean overcoming stark regional differences and other hurdles, experts say.
Like many federal programs, funding for EB-5 appears unlikely to be included in a regular spending bill by the end of the fiscal year on Sept. 30. Instead, the program, which provides a pathway to legal U.S. residency for foreign investors who put their money in domestic job-creating projects, will likely be extended...
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