USA Immigration News
Senator Introduces Bill to Permanently Authorize EB-5 Visa Program
Wednesday, 6 June 2012
Senator Patrick Leahy has recently introduced a new bill that gives permanent status to the EB-5 Regional Center Program.
As the program was scheduled for review in September 2012, the new bill, which is created to bring economic development and job growth in the U.S., will ensure permanence for this positive program.
The bill co-sponsored by the Senate Judiciary Committee's Ranking Member Senator Chuck Grassley (R-Iowa) also extends the voluntary E-Verify program and two other U.S. visa programs for religious workers ("Conrad 30").
"Vermont has been a model for the success of the EB-5 Regional Center Program, and I want to see that great success continues for Vermonters, and those who wish to pursue business opportunities in our great state…I am grateful that Senator Grassley has worked with me to craft this legislation, and I am optimistic its introduction marks the beginning of a strong bipartisan effort to make these long-standing programs permanent," Senator Leahy said.
There were 2,364 EB-5 Visas issued in March 2012 and at the current rate of acceptance, the quota of 10,000 EB-5 Visas will be reached by the end of this year. As a result, the extension of this program will ensure U.S. immigrants will continue to invest in development projects that are beneficial to the U.S. economy.
If you are interested in Visas to the USA, contact Migration Expert for information and advice on which visa is best suited to you. You can also try our visa eligibility assessment to see if you are eligible to apply for a visa to the United States of America.