When Nicholas Mastroianni II appeared on stage at a real estate forum in Shanghai in 2016, the other panelists — including ex-New York governor George Pataki – deferred to him as the expert on the U.S. government’s EB-5 program, which allows foreign investors and their family members to get their green cards, and eventually citizenship, if they invest at least $500,000 in certain U.S.-based projects.
“Myself and others are leading the charge to negotiate new legislation” around the program, Mastroianni said, suggesting he had the power to influence the terms as the program repeatedly gets reauthorized for short periods of time.
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