Bloomberg Law
March 11, 2019, 7:32 PM

Senators Push to Make Immigrant Investor Changes a Reality

Laura D. Francis
Laura D. Francis

The Trump administration needs to finalize regulations overhauling a visa program that provides green cards to foreign investors, Sens. Charles Grassley and Patrick Leahy said.

“We believe they will generate increased capital investment for the United States economy, and will help ensure that some portion of that capital is actually invested in rural and underserved areas, as Congress intended,” the two lawmakers said in a March 11 letter to the Homeland Security Department and White House Office of Management and Budget.

Grassley (R-Iowa) and Leahy (D-Vt.) have been the chief critics of the EB-5 immigrant investor program for years, even ...

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