Last week, Politico published an article claiming Senator Lindsay Graham (R-SC) was pushing the White House to include EB-5 visa provisions in the $2 trillion COVID-19 emergency stimulus bill. Specifically, Politico wrote that Senator Graham sought to reduce an immigrant investor’s minimum allowable investment from $900,000 to $450,000 and increase the number of EB-5 visas to 75,000.
These claims are untrue and Senator Graham, to his credit, immediately said as much. Although the EB-5 industry would like to see program reforms, it would never support these extreme and unfounded shifts. It did not do so last week, and it will not do so in the future.
Such rumored proposals are non-starters from many quarters of Capitol Hill; poison pills that would kill efforts to earnestly and pragmatically reform and extend the EB-5 Regional Center program.
Period.
Investment amounts are not moving to $450,000 and to date, there are no new visas for the EB-5 program. For questions or additional information, please do not hesitate to contact IIUSA.
