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发帖数: 1430 | 1 10/21/2011: Misunderstood Sens. Schumer-Lee's New Home Owner Visa Bill
This bill has been widely publicized, especially by real estate market
community in the U.S. The bill which was introduced yesterday in the Senate
by Senator Chuck Schumer of New York and Senator Mike Lee of Utah is named "
Visa Improvements to Stimulate International Tourism to the United States of
America Act" [VISIT-USA Act], is not to grant a permanent resident visa but
a nonimmigrant visa to stay and live in the U.S. for the rich foreigners by
buying at least $250,000 value home and additional $250,000 or more in
other residential properties for rental or other purposes. The full text of
this bill is yet to be published but report indicates that the skeleton of
this bill appears to contain the following:
3-year visa for such home owners which is renewable every three
years
Not being an employment visa, the employment authorization is not
attached to the visa
Purchase has to be in cash, with no mortgage or home equity loan
allowed
Property must be bought for more than its most recent appraised
value
Buyer will have to live in the home for at least 180 days each year
Buyer will no longer be eligible for the temporary visa if the
property were sold.
Buyer will be able to bring a spouse and minor children to live in
the U.S.
As separate from the new home owner visa provisions, the bill will
include the following provisions to attract more Chinese and Canadians:
Multiple 5-year visitor's visa for Chinese
Canadians stay in the U.S. without a visa for long than 6 months.
It is likely that the full text of the bill become available either
Monday or Tuesday. Please stay tuned to this website for the full text of
the bill. One just wonders, though, where this country is heading. |
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