PhotoWASHINGTON — A contentious visa program that allows wealthy foreigners to obtain United States citizenship by investing in economic development projects will expire at the end of this month unless Congress acts to extend it. Federal and state officials said the two raised $350 million through the EB-5 program for an array of projects including a ski resort. “One of the challenges of EB-5 investment is that people look at what an area looks like after the investment,” she said. “It’s hard to convince them what it looked like before.”The EB-5 program has grown rapidly. United States Citizenship and Immigration Services, the agency that oversees the EB-5 program, said it was taking additional steps to increase the vetting of applicants for the program and its oversight of the regional centers The S.E.C.

Source: New York Times September 12, 2016 00:38 UTC