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What happened to the proposed visa program for retirees to purchase homes?

I read something from 2013 saying that there was a proposal pending in Senate where retirees could purchase homes in the United States and then get a residency visa. What happened to that proposal? The backlog situation is bad for mainland Chinese investors, and I just wonder if there are any potential bills or proposals other than EB-5 that may bring in some of the EB-5 applicants to reduce the overwhelming market in the future?

Answers

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    Julia Roussinova

    Immigration Attorney
    Answered on

    There is no such proposal currently.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Comprehensive immigration reform was a hot topic a few years ago, but it never moved forward. This being an election year in the United States, there is not much of a possibility that any major laws will be changed or introduced.

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    Echo Meisheng King

    Immigration Attorney
    Answered on

    Unfortunately, there are no similar bills passed and EB-5 is still the only immigration option for many Chinese investors.

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    There was no program that allowed anyone to simply buy a home and get residency. Those kind of rumors are perpetrated by unscrupulous real estate agents to just sell you a home. Unfortunately, with 10,000 more applications from China each year with at least three members in a family taking three visa numbers, there is no way to alleviate the lack of visa numbers for the Chinese.

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    John J Downey

    Immigration Attorney
    Answered on

    That proposal has not been ratified and I do not know where it is now. During this year there will be many new proposals to strengthen the program and reduce the backlog, but we just have to wait and see.

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    Ian E Scott

    Immigration Attorney
    Answered on

    Congress does not currently have an immigration Bill on the floor that would make any significant change to the immigration system. In fact, the Speaker of the House has explicitly stated that he will not deal with immigration this year.

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    Michael A Harris

    Immigration Attorney
    Answered on

    It never passed the introduction phase at the Senate. Nothing like that has been proposed again.

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