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Sunday, May 6, 2012

Travel VISA to the USA to Buy Real Property

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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