EB-5 Visa Regulation and Controversy: How an Immigration-Securities Hybrid Visa Has Been Used to Fund Real Estate Ventures

Authors

• Rachel Behar, Benjamin N. Cardozo School of Law

Abstract

The EB-5 visa program, designed to stimulate the U.S. economy through job creation and capital investment by foreign investors, has become a controversial tool often misused to fund luxury real estate projects in affluent areas. While the program has contributed significantly to the economy, its implementation has strayed from its original intent, leading to criticism over issues like gerrymandering of Targeted Employment Areas (TEAs), inadequate securities regulation, and fraud risks. The article calls for reforms to align the program more closely with its intended purpose of aiding underserved communities.

Disciplines

Comparative and Foreign Law | Estates and Trusts | Immigration Law | International Law | Law | Nonprofit Organizations Law | Securities Law

Recommended Citation

Rachel Behar, EB-5 Visa Regulation and Controversy: How an Immigration-Securities Hybrid Visa Has Been Used to Fund Real Estate Ventures, 2 Cardozo Int’l & Compar. L. Rev. 183 (2018).
Available at: https://larc.cardozo.yu.edu/ciclr/vol2/iss1/6