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Key part of US residency program for investors set to expire | iNFOnews | Thompson-Okanagan's News Source


Ben Fox
June 30, 2021 - 2:27 PM
WASHINGTON (AP) — A program that has allowed wealthy foreign investors to obtain U.S. residency, and has long been the subject of complaints that it amounts to the wholesale selling of American citizenship, may be coming to a sputtering end.
Congressional authorization for a key part of the immigrant investor program was set to expire Wednesday with dim prospects for renewal following the failure of a Senate bill that would have addressed long-standing concerns about inadequate regulation.
The bipartisan bill would have created new regulations on a part of the program that makes up the bulk of visa applications and allows money from overseas investors to be pooled into funds to finance large projects around the U.S., often high-end real estate. ....

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Key part of US residency program for investors set to expire


Key part of US residency program for investors set to expire
June 30, 2021 at 5:04 pm
WASHINGTON (AP) A program that has allowed wealthy foreign investors to obtain U.S. residency, and has long been the subject of complaints that it amounts to the wholesale selling of American citizenship, may be coming to a sputtering end.
Congressional authorization for a key part of the immigrant investor program was set to expire Wednesday with dim prospects for renewal following the failure of a Senate bill that would have addressed long-standing concerns about inadequate regulation.
The bipartisan bill would have created new regulations on a part of the program that makes up the bulk of visa applications and allows money from overseas investors to be pooled into funds to finance large projects around the U.S., often high-end real estate. ....

United States , New York , Steve Yale Loehr , Patrick Leahy , Chuck Grassley , Kevin Bishop , Lindsey Graham , David North , Department Of Homeland Security , Immigration Services , Cornell Law School , Associated Press , South Carolina Republican , Homeland Security , New York City , San Francisco Bay , Immigration Studies , ஒன்றுபட்டது மாநிலங்களில் , புதியது யார்க் , ஸ்டீவ் யேல் லோஹர் , பேட்ரிக் லேஹீ , சக் புல் , கெவின் பிஷப் , லிண்ட்சே கிரஹாம் , டேவிட் வடக்கு , துறை ஆஃப் தாயகம் பாதுகாப்பு ,