"Elimination of Visa Country Caps" Takes an Important Step Forward
WorldWay Immigration Group has learned that the "Fairness for High-Skilled Immigrants Act" (H.R.1044), jointly proposed by the Democratic and Republican parties to eliminate the country cap on employment-based immigration visas, has officially passed the U.S. House of Representatives. The proposal received support from 365 members of the House, exceeding two-thirds of the votes.
It is noteworthy that this proposal still needs to pass a vote in the Senate and will only take effect after being signed by the President, becoming law. Given the current situation, the market is developing in a direction favorable to investors. It is believed that with the joint efforts of all parties, the country cap for U.S. green cards may be eliminated, and we will continue to wait and see.
As is well known, starting from May 1, 2015, the EB-5 industry has faced a "visa backlog." Due to the quota control on EB-5 visas, the green card issuance limit for each country is 7%, coupled with applicants from other countries legally "jumping the line," resulting in a very slow backlog for applicants born in mainland China. Over the past few years, the backlog issue has been a hot topic among investors born in mainland China and the vast majority of EB-5 industry practitioners.
For investors, if the proposal to eliminate visa country caps can ultimately be passed and signed into law, it would mean that EB-5 investment immigration will implement a "first-come, first-served" principle, avoiding the "jumping the line" situation for non-mainland Chinese investors, meaning that those who submit applications first will be approved first. This will also greatly reduce the waiting time for mainland Chinese EB-5 investors already in the backlog! This is very good news for investors born in mainland China. WorldWay Immigration Group will continue to monitor the latest developments of the proposal and update everyone promptly.
Of course, for investors with a rigid demand to immigrate to the United States, regardless of whether the proposal can ultimately be passed, it is essential to act early. "Prepare early, apply early, queue early, and benefit early" is an unchanging truth!
Investors can choose high-quality projects that have been approved by the immigration bureau, are expected to shorten the backlog, have completed all employment, and offer first-priority guarantee repayments, which will greatly protect investors' interests and assist them in successfully immigrating to the United States. The two highly popular EB-5 projects from WorldWay Immigration, the Manhattan 9 Luxury Boutique Hotel and Dallas 1, are both rare high-quality projects, and currently, both projects are progressing smoothly as planned.
Project spots are limited, so seize the opportunity! Investors are encouraged to take advantage of the golden historical period of $500,000 low-cost immigration to the United States before September 30! For high-quality project inquiries, please call: 400-138-2929.