EB-5 Bill Would Override Pending RegulationsTens of thousands could be paroled in, effectively erasing the annual capBy David North on November 8, 2019A disastrous bill on the EB-5 (immigrant investor) program, covered with attractive cake frosting, looms just off the floor of the U.S. Senate. And it would restore the gerrymandering provisions regarding where the EB-5 investments can be located. Were the Rounds bill to pass, it would override many of these useful regulations, which are scheduled to go into effect on November 21. Rounds; John Cornyn (R-Texas), long a supporter of EB-5 just as it is; and Lindsey Graham (R-S.C.), the new chairman of the Senate Judiciary Committee, where the bill is headed. The first 60 or so pages of this 87-page bill are filled with attractive material.