George Pataki and Nick Mastroianni
Proponents of the program are confident it will be renewed, though changes are expected
The legislative fate of EB-5 may still be up in the air, but champions of the controversial visa program are not worried — they say they have a powerful friend on their side.
EB-5 will likely continue to thrive under President Elect Donald Trump, EB-5 experts said at a panel hosted by The Real Deal in Shanghai Friday, despite his adversarial rhetoric toward immigrants.
“His strong stance [is] against illegal immigration,” former New York Gov. George Pataki said. “And EB-5 is a legal immigration program. He understands the need for capital, the need for investment.”
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