Senators say EB-5 Visas should be fixed — or deep-sixed

eb-5By Eliot Brown | The Wall Street Journal

Sens. Chuck Grassley (R., Iowa) and Patrick Leahy (D., Vt.) have been struggling for more than a year to win support for an overhaul of the EB-5 visa program, which gives green cards to up to 10,000 foreign investors a year.

Now they say they would rather see the program die than continue as is.

The chairman and ranking Democrat on the Senate Judiciary Committee said on the Senate floor Thursday that they are opposed to extending a key provision of EB-5 as part of the continuing resolution, a temporary government funding authorization before Congress this week.

Continued:

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