Green Card Update: Trump Admin Proposes Major Crackdown on Visa Program
Summary
The Trump administration has proposed major changes to the EB-5 immigrant investor visa program, aiming to strengthen oversight and reduce fraud. The plan includes stricter rules for investors, more government checks, and new powers to revoke visas if fraud or security concerns arise.Key Facts
- The EB-5 program allows foreign investors to get U.S. green cards by investing money and creating at least 10 jobs.
- Current investment amounts are $1.05 million, or $800,000 for certain targeted areas.
- The proposal would remove the "troubled business" option, which allowed investors to qualify by saving existing jobs rather than creating new ones.
- The Department of Homeland Security wants more power to deny or revoke visas and close regional centers if there are fraud or security problems.
- New rules would require tighter checks on where the investment money comes from and how it is used.
- The proposal includes rules about using cryptocurrency, requiring proof that digital assets were legally obtained and transferred.
- The plan is open for public comment for 60 days before being finalized.
- The changes are part of a broader effort to tighten legal immigration rules under President Donald Trump.
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