[Source: Laura Reiff and Kate Kalmykov, www.eb5investors.com]
The key EB-5 provisions in the bill include:
-Making permanent the EB-5 Regional Center program. Introduced in 1992 as a “pilot” program, it has continually been reauthorized by Congress and most recently it was extended through September 30, 2015.
-Recapture of unused immigrant visa numbers from prior fiscal years.
-Elimination of per country quotas for employment based visa numbers, this would have
significant implications for China which is predicted to reach its quota in fiscal year 2014.
-Exemption from the employment based immigrant visa numbers for spouses and children of principal applicants, this means that visa numbers which are currently capped at 10,000 would be allocated solely to principal investors.
-Additional immigrant visas numbers for the EB-5 program as a whole.
Full "Gang of Eight" Legislation Immigration Reform
No comments:
Post a Comment