The Department of Homeland Security’s Proposed Regulations Reforming the Investor Visa Program

Chairman Goodlatte: “While I support the overall goal of the EB-5 investor visa program, it is currently riddled with fraud and abuse and has strayed away from the program Congress envisioned when it created the program decades ago. The facts make it clear that this program is in desperate need of reform. “The Department of Homeland Security has proposed commonsense reforms that increase the investment amount and curtail gerrymandering in the EB-5 program. These proposals would help ensure that EB-5 investment funds are directed to distressed urban and rural communities that need them the most. At this week’s hearing, the House Judiciary Committee will examine DHS’s proposed changes to strengthen the integrity of this immigration program so that it benefits the U.S. economy.”