Brittany Milliasseau was recently asked by eb5investors.com to provide insight on how President Biden’s proposed immigration plan could impact the EB-5 visa program, which allows foreign investors to obtain permanent residency by contributing to the job creation and growth of the U.S. economy. According to Brittany, while the program is not specifically discussed in the U.S. Citizenship Act of 2021, the new bill could provide advantages to EB-5 investors by clearing the visa backlog and removing dependents from the quota.
“The U.S. Citizenship Act of 2021 takes measures to address this issue by clearing employment-based visa backlogs, recapturing unused visas from previous years, and eliminating per-country visa caps. For example, the bill increases the overall number of employment-based visas from 140,000 to 170,000,” Brittany explained.
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