A group of immigrant investors is suing to force the Biden administration to process visas and adjustment of status applications in limbo since congressional authorization for an investor visa program expired last year.
The EB-5 visa program allows immigrants to obtain a green card if they invest $1 million, or half that amount in economically depressed areas, and create at least 10 jobs. But lawmakers failed to reach a deal to reauthorize the EB-5 Regional Center program—which allows multiple investors to pool funding in large enterprises—before it lapsed last June.
Statutory reauthorization is only necessary to prioritize applications for investors ...
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