# "Scholar-in-Residence Gary Friedland shares his perspective on a new proposed bill which would ease restrictions stemming from the EB-5 program, from his joint research with Professor Jeanne Calderon "

1 Faculty News January 14, 2020 ![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/graham-backs-a-bill-friendly-to-real-estate-industry-11579003201) -- "[Gary Friedland](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/academic-departments/business-society-program/faculty-staff/scholarinresidence?_ga=2.178715236.1134531721.1540306661-560865352.1540306661), a scholar-in-residence at New York University Stern School of Business, said the bill would 'effectively nullify' the new EB-5 regulations. Lowering the minimum investment amount outside low-employment areas, he added, would 'eviscerate the incentive to attract EB-5 capital to projects in rural and economically distressed areas.'”

[Read More](https://www.wsj.com/articles/graham-backs-a-bill-friendly-to-real-estate-industry-11579003201)