What is the progress of the S.386 bill? - EB5Investors.com

What is the progress of the S.386 bill?

Will the pass of this bill help relieve the EB-5 visa backlog of investors from mainland China and India? When can investors expect a final decision for this?

Answers

BoBi Ahn

BoBi Ahn

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Answered on

The bill is still in the Senate. Yes, the bill, if passed, proposes to eliminate the per-country numerical limitation for employment-based immigrants.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

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If the bill passes, it would shorten the waiting line for mainland Chinese and Indian nationals, but predicting when or if Congress will enact a certain law is almost impossible.

A Olusanjo Omoniyi

A Olusanjo Omoniyi

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Answered on

It is being debated in the Senate and it may even slow down more with the election and impeachment proceeding in the future horizon. Considering it has not been effectively championed in the House, the bill has a long way to go.

Salvatore Picataggio

Salvatore Picataggio

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It looks like the current political climate has this bill on hold for now.

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