Letter From Senators Regarding EB-5 Visa Program
February 16, 2017
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ISSUE:
- Housing
- EB-5
- Immigration
Today, State Senator Liz Krueger, along with Senators Montgomery, Persaud, and Sanders, released a letter to the New York State Congressional delegation, urging them to oppose renewal of the EB-5 Visa Program. The EB-5 program allows individuals from other countries to "buy" a visa if they agree to invest $500,000 in a Targeted Employment Area. The program is frequently abused, and fails to make an impact in those areas for which it is ostensibly targeted.
The letter can be viewed below.