Congress set to extend investor program that supports PhoenixMart

By Eliot Brown | The Wall Street Journal

Congress is poised to extend a controversial federal program that gives green cards to foreign investors, handing a win to a set of large urban real-estate developers who beat back efforts by numerous lawmakers to overhaul the program.

A 10-month extension of the so-called EB-5 immigrant investor program—a key provision of which was due to expire Thursday—was included in the federal spending legislation that is expected to be passed later this week.

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December 17, 2015

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