Backlog of Investor Visa Applications in Limbo as Program Dies

The immigrant investor visa program will expire on June 30, despite a last-ditch bipartisan effort led by senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.) to extend it, with potentially thousands of petitions still pending at U.S. Citizenship and Immigration Services.

The Homeland Security Department subagency can’t yet say what the fate of those EB-5 applications are, USCIS spokesman Joe Sowers said Friday. The data is current through the second quarter of the government’s fiscal year.

The program—in which people can get green cards in exchange for investing $1 million, or half that amount for economically depressed areas, and creating ...