Kentucky Senator aims to overturn EB-5 visa changes in support of the …

페이지 정보


By Marie Ekberg Padilla, Senior Editor of Eb5 Investors Magazine

U.S. Senator Rand Paul (R-KY), a long-time supporter of the EB-5 Immigrant Investor program, is seeking support for a joint resolution disapproving the changes set to take effect to the EB-5 program in November. Senator Paul is asking fellow congressmen to overturn the final rule of the “EB-5 Immigrant Investor Program Modernization,” which include nearly doubling the minimum required investment amount to $900,000 in a TEA and $1.8 million in a non-TEA on Nov. 21.

“By significantly raising the minimum investment levels required for foreign investors to become eligible petitioners under the EB-5 program, this rule may undermine the very purpose of the program, which is to create jobs and grow the economy,” Senator Paul said. “Moreover, the rule would severely restrict the role of the states in determining the targeted employment areas.”

Senator Paul, known for being a champion for constitutional liberties and fiscal responsibility, is gearing up to use the Congressional Review Act (CRA) to put a halt to the new rule, which was published by the USCIS on July 24, 2019. The CRA gives congress a 60-day window to overturn rules through a written petition of 30 senators. Once the measure is placed on the calendar, the process requires a simple majority in the house and senate along with a signature of the President to overturn a passed regulation. Since filibusters are not allowed, the CRA serves as a fast track.

Senator Paul urges residents to reach out to their senators to show support for the joint resolution. If the EB-5 regulatory changes take effect this fall, they “will disrupt regional center operations and are likely to reduce the level of foreign direct investment in the U.S. economy,” Senator Paul said.

Let your voice be heard. Contact your senator today to encourage them to join Senator Paul and sign the joint resolution. 

See Senator Paul's official letter to fellow senators.


글쓴이 명함

Peterpan 메일보내기 아이디로 검색 회원등급 : 최고관리자 포인트 : 14,400
레벨 32
경험치 100,741

Progress Bar 25%

가입일 : 2015-12-17 03:18:18
서명 :
자기소개 :


등록된 댓글이 없습니다.


김한일 치과
새크라멘토 맛집, 모두랑
The Wite House 재외동포언론인협회 재외동포재단 미주한인상공회의소연합회 문화체육관광부 한국외국어대학교 YTN