The EB-5 visa (the "investor's visa") has been in place since 1990. The article mentions that half of the available visas under EB-5 go unused, which is where this bill is suggesting additional visas be allocated.
The bill that's just been introduced doesn't require the entrepreneur to do anything except start a business and be funded. After 2 years they either have to garner more funding or have over $1,000,000 in revenues.
I'm more than a little confused as to how you see this as being "the rich man's visa", especially in light of the fact that the existing EB-5 program fits that nickname much more accurately.
Yes, this is just the "slightly poorer than the EB5 man's visa", with the added stipulation that they have to create jobs, which seems like a great side-effect.
Fundamentally US immigration needs reform to a points-based system. But this is a relatively quick and simple tweak that would create a lot of jobs.
The bill that's just been introduced doesn't require the entrepreneur to do anything except start a business and be funded. After 2 years they either have to garner more funding or have over $1,000,000 in revenues.
I'm more than a little confused as to how you see this as being "the rich man's visa", especially in light of the fact that the existing EB-5 program fits that nickname much more accurately.