With the upcoming expiration of the EB-5 Regional Center Program’s authority looming (Congress today extended the program for one week), we are seeing more articles featuring quotes from prominent lawyers and firms on the merits and challenges of the EB-5 Program.
Yesterday, our Managing Member William P. Cook was quoted in a Washington Post article on the issue.
William's quote about the White House's position on the EB-5 issue is below:
“It’s a third-rail issue for the White House. They don’t want to be seen as obstructionists to reform,” said William Cook, former general counsel of the U.S. Immigration and Naturalization Service under George H.W. Bush when the EB-5 program was created. His law practice, Global Migration Law Group, represents foreign investors.
He was mentioned later:
Cook, of Global Migration Law Group, defends the program as just one of many ways immigrants come to the U.S., from family reunification to high-skilled worker visas. “I don't find anything wrong with a program whose central focus is investment in America.”
For the entire article written by Washington Post Correspondent Tracy Jan click here.