# Scholar-in-Residence Gary Friedland comments on recently finalized legislation in connection with the EB-5 immigrant investor program, based on his joint research with Professor Jeanne Calderon

1 Faculty News July 28, 2019 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://www.wsj.com/articles/bar-raised-for-green-cards-popular-with-new-york-builders-11564318800) -- "Gary Friedland, a scholar-in-residence at New York University Stern School of Business who has studied the EB-5 program, said he was surprised that an administration with ties to the real-estate industry is changing the program. 'Since Trump took office, we’ve been predicting that the regulations would be buried in regulatory purgatory, never completed,' he said."

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