Senator Patrick Leahy (D-VT) comments on his proposal for the future of the EB-5 visa program.

Tuesday May 11, The Senate Judiciary Committee held a hearing on oversight of U.S. Citizenship and Immigration Services, the agency that serves as the principal administrator of the nation’s immigration policy.  The Committee, which is chaired by Senator Patrick Leahy (D-VT.), has jurisdiction over immigration, citizenship and related issues.

“I have long supported the EB-5 immigrant investor visa, and in particular the EB-5 Regional Center program.  The EB-5 program brings significant amounts of capital to economically challenged regions of our country.  Most importantly, this program creates jobs for Americans.  Entrepreneurs in Vermont have used this program to revitalize businesses, with economic benefits and job creation across entire regions.  I intend to introduce legislation soon to modernize this program.  Among my priorities, I intend to make the program permanent.  My bill will also ensure that as it grows, the program remains free from fraud or abuse.”

http://leahy.senate.gov/press/press_releases/release/?id=75C6867D-7117-4263-9D5C-8FA411771483

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