Senate Passes Bill to Remove Country Caps on EB-5 Green Cards

The U.S. Senate passed S.386, Fairness for High-Skilled Immigrants Act of 2020, its version of House bill H.R.1044. Having been amended in the Senate, the bill now returns to the House of Representatives for review and vote on the amended text.

If passed in the House and signed into law by the President, the bill will remove the per country quota limits on all employment-based immigrant visa categories, including EB-5.

GreenAccess is monitoring developments on this legislation and will provide updates to investors they become available.