Here
is something very interesting to watch and track; a proposed bill in
the United States Congress (S. 1746) that would give foreign investors buying real property (in
cash, no mortgage or debt attached to it) a Visa to come to the USA if they
purchase a home (or homes) totaling $500,000 USD or more.
The
Bill is called the Visa
Improvements
to Stimulate
International
Tourism to
the United States of America Act (dubbed,
the “VISIT USA Act”).
To
track this Bill in the United States Congress, see link below:
Status: This bill is in the first step
in the legislative process. Explanation: Introduced bills and resolutions first go to
committees that deliberate, investigate, and revise them before they go to
general debate. The majority of bills and resolutions never make it out
of committee.
Let’s
hope this one does get all the way through Congress and enacted into LAW; as it
will not only benefit and stimulate the much weakened U.S. economy, but will
also provide an opportunity for people from certain countries who are not
automatically granted a travel Visa (i.e. Indonesians) under the Visa Waver Program (VWP). This new “VISIT USA Visa” type would be a new category to
the list of Visas for Temporary Visitors.
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