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The EB-5 visa (the "investor's visa") has been in place since 1990. The article mentions that half of the available visas under EB-5 go unused, which is where t
by icey 17y ago
The EB-5 visa (the "investor's visa") has been in place since 1990. The article mentions that half of the available visas under EB-5 go unused, which is where this bill is suggesting additional visas be allocated.
The bill that's just been introduced doesn't require the entrepreneur to do anything except start a business and be funded. After 2 years they either have to garner more funding or have over $1,000,000 in revenues.
I'm more than a little confused as to how you see this as being "the rich man's visa", especially in light of the fact that the existing EB-5 program fits that nickname much more accurately.
- seldo 17y agoYes, this is just the "slightly poorer than the EB5 man's visa", with the added stipulation that they have to create jobs, which seems like a great side-effect. Fundamentally US immigration needs reform to a points-based system. But this is a relatively quick and simple tweak that would create a lot of jobs.