After a year's lapse, Congress reauthorized the EB-5 visa program as part of the new omnibus spending bill that came out of the House, as the Wall Street Journal originally reported.
The overall bill was the first major spending legislation during President Joe Biden's administration. Congress had been working with continuing spending resolutions that keep the government from shutting down but don't set out a year's budget or update figures.
The EB-5 program allows foreign nationals who invest minimum amounts to obtain permanent residence visas—a.k.a., green cards—for themselves, spouses, and unmarried children under 21.
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