Bloomberg Law
June 23, 2021, 2:26 PMUpdated: June 23, 2021, 9:59 PM

High-Cost Trump-Era Investors Visa Rule Voided by U.S. Judge (3)

Lydia O'Neal
Lydia O'Neal

A federal judge threw out a Trump-era rule that made immigrant investor visas more expensive, particularly for affluent areas of the country, days before the visa program is set to expire June 30.

Behring Regional Center LLC—a member of a group that’s been pushing lawmakers to override the rule’s restrictions through legislation—sued the government at the end of 2020, alleging the measures violated a law governing the federal rulemaking process. Another group member, Florida EB-5 Investments LLC, had sued over the rules in late 2019.

Foreign investors who commit $1 million—or $500,000 for more distressed areas—to commercial projects that ...

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