The clock is ticking for a federal program that helps foreigners and their families get green cards in exchange for investing in U.S. business ventures. Unless Congress acts before the program’s Sept. 30 expiration date and passes either a reauthorization bill or a resolution to continue the EB-5 visa regional center program temporarily, the fate of many projects will be uncertain.
The EB-5 has become an increasingly popular source of opportunity for businesses—often in the area of construction and development—looking to fund a new project. Along with opportunity though, there has also been controversy.
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