Bloomberg Law
April 21, 2022, 1:45 PM

Immigrant Investor Program Hits Roadblock in Restart Process

Andrew Kreighbaum
Andrew Kreighbaum

Advocates for an immigrant investor visa program reauthorized by Congress in March after a nearly nine-month lapse are raising alarms over federal guidance that could halt restart plans.

When they passed a $1.5 trillion fiscal 2022 spending package last month, lawmakers included a provision reauthorizing the EB-5 regional center program, through which investors can apply for green cards by putting up funding for large enterprises dubbed regional centers. Prior authorization for the program expired amid a legislative deadlock last June.

The reauthorization was the result of protracted bipartisan negotiations to tighten program safeguards. But industry groups say the actual restart ...

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