The Wall Street Journal reported on October 20, 2011 that two US Senators are preparing to introduce a bipartisan bill that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. The provision is part of a larger package of immigration measures, co-authored by Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), designed to spur more foreign investment in the U.S.…. read more

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