How will "H.R.1044 - Fairness for High-Skilled Immigrants Act of 2020" affect EB-5? - EB5Investors.com

How will “H.R.1044 – Fairness for High-Skilled Immigrants Act of 2020” affect EB-5?

How will “H.R.1044 – Fairness for High-Skilled Immigrants Act of 2020” affect the EB-5 timing for non-mainland China born investors?

Answers

Lynne Feldman

Lynne Feldman

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

The processing time for Chinese investors will be shorter while the processing time for most other individuals will be longer.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Find an EB-5 Visa Lawyer: Immigration Attorney
Answered on

If this bill passes Congress, it will do more harm than good. It will help many persons from India stuck in the waiting line, but it will hurt everyone else; waiting lines for people from countries other than India will skyrocket for employment-based sponsorship cases. This is a bad bill that pits one group against another. The correct solution is to increase the quotas that George Bush Sr. set in 1990, which has not been changed in over 30 years, even though our economy has grown by more than five times what it was back then.

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