eb5exclusive

The U.S. House of Representatives recently approved the "DREAM Act," which would provide a path to citizenship for illegal immigrants who entered the country prior to turning 16 years old, Reuters reports.

The Development, Relief and Education for Alien Minors (DREAM) Act, passed by a vote of 216-198 in the House after a series of debates that became heated at times, the news provider said.

The measure is supported by President Obama and many Hispanic activists that have been disappointed thus far with the president's promise to generate immigration reform, according to the news source.

In a statement, Obama said "this vote is not only the right thing to do for a group of talented young people who seek to serve a country they know as their own by continuing their education or serving in the military, but it is the right thing for the United States of America."

Foreign nationals seeking to gain U.S. green card eligibility can do so through the federal EB-5 visa program. Through this program, foreigners can obtain the eligibility by making an investment of $1 million (or $500,000 in some areas) in an American project or company that either creates or maintains at least 10 full-time jobs.