Cozen O’Connor: Tougher EB-5 Rules Could Follow Election Season Gridlock

Tougher EB-5 Rules Could Follow Election Season Gridlock

Monday, September 26, 2016

Scott Bettridge, chair of the Immigration practice, discusses how tougher EB-5 rules could follow after the presidential election in Law360. As interest in the visa program has swelled since the recession, so has criticism over a lack of project and investor oversight and failure to provide investment in underserved communities, among other perceived shortcomings of the program. While reforms were proposed last year, Congress opted to extend the regional center component until Sept. 30 as part of an omnibus bill. This year, however, the government's $350 million fraud allegations against Jay Peak, a once-celebrated project based in Leahy's home state, amplified the call for reform, said Scott.

To read the article, click here

Contacts

Scott Bettridge

Chair, Immigration Practice

sbettridge@cozen.com

(305) 704-5953

People

Related Practice Areas