The US Congress’ Immigration Act of 1990 (IMMACT 90) established the EB-5 Immigrant Investor Program to stimulate the U.S. economy through foreign investment and create jobs.
This act dramatically reformed the U.S. immigration system and amongst other things, instituted changes to non-immigrant visa classes, the rules governing deportation, and raised the limits on legal immigration.
EB-5 Reforms of the 1990s
The Immigrant Investor Program was founded as a pilot program in 1990 and is administered by the United States Citizenship and Immigration Service (USCIS). The program permits foreign investors to invest funds in the United States in order to be granted greens cards for themselves and their families to live and work in the US. At least 10 full time and paid jobs must be created for each investor. Read more