By Natalie Dolce | GlobeSt.
The current authorizing legislation is set to expire or “sunset” Sept. 30, 2016. One source tells us the key issues that must be considered now for the renewal legislation.
The US immigration laws contain a provision to grant certain qualified foreign investors a “fast-track” to obtain permanent residency in the US if they satisfy specified requirements, including investment of at least $500,000 in a US enterprise or project, creation of at least 10 new permanent jobs for US citizens, and otherwise complying with the immigration visa process.” This provision has been part of our immigration laws since 1990, explains Jim Butler, chair of the global hospitality and Chinese investment groups with Jeffer Mangels Butler & Mitchell.
