Attys Slammed With EB-5 Requests As Expiration Date Looms

Law360, New York (August 4, 2015, 9:01 PM EDT) -- With a key provision of the EB-5 Immigrant Investor Program slated to expire in September, some attorneys are giving up their summer vacations to cope with an onslaught of client requests — but the frenzy may be unwarranted, as many believe the program will be reauthorized in the fall.

The EB-5 program provides green cards to foreign residents who invest at least $1 million in the U.S. and create 10 full-time jobs, making it highly popular with Chinese investors and real estate developers. Applicants may also qualify for the program if they invest $500,000 in a rural area or somewhere with...

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