Buy $500,000 worth of US property and get a Visa?

According to numerous reports, there is a bill being proposed with bipartisan support that would allow foreign nationals the opportunity to obtain a US Visa with a cash purchase of at least $500,000 worth of residential real estate.  This could be one purchase of $500,00o for a residence or a minimum of $250,000 for a residence and an additional $250,000 in residential investment properties.  More details to come.

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Buy $500,000 worth of US property and get a Visa?