Sen. Feinstein Introduces Bill To Nix EB-5 Investor Program

By Kelcee Griffis (January 25, 2017, 3:48 PM EST) -- Sen. Dianne Feinstein, D-Calif., filed a bill on Tuesday that would end the EB-5 investor program and reallocate the employment-based visas allotted to it among the four remaining employment-based visa classes, amid attempted reforms of the controversial program.

The bill would effectively shut down the EB-5 visa program, which gives green cards to foreign residents who invest hefty sums of money in U.S. projects that create jobs, and raise caps on the other categories within the overall allotment of about 140,000 employment-based visas.

The bill will now go before the Senate's judiciary committee, according to its page on Congress' website....

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!