Washington (AP) — A program that has long been dissatisfied with allowing wealthy foreign investors to obtain U.S. residence rights, which is equivalent to wholesale sales of U.S. citizenship, at the end of sputtering. It may be approaching.
Parliamentary approval for an important part of the immigration investor program was set to expire on Wednesday due to the bleak prospects for an update following the failure of the Senate bill, which would have addressed long-standing concerns about inadequate regulation. It was.
Bipartisan bills make up the majority of visa applications and allow funds from foreign investors to be pooled to fund large projects across the United States, often high-end real estate Would have created a new regulation as part of the program.
When Republican Senator Lindsey Graham opposed the bill last week and unanimously prevented it from passing through the Senate, the effort failed and angered two senior Republicans and…