Posted on 03/14/2022 6:26:27 AM PDT by MarvinStinson
President Joe Biden and members of Congress reauthorized a little-known program that peddles United States visas, and eventually naturalized American citizenship, to China’s wealthy real estate investors.
Lawmakers in the House and Senate passed a government funding bill late last week, later signed by Biden, that renews the EB-5 visa program where wealthy foreign nationals can claim to invest at least $800,000 in U.S. development projects and receive green cards for themselves and their family members with eventual pathways to citizenship.
Most significantly, the program is a boon to China’s elite who secure green cards to the U.S. for themselves and their families under the guise of investing in U.S. real estate. For years, China’s elite have taken the bulk of EB-5 visas.
When the program lapsed in June 2021, about 80,000 foreign nationals — most of whom are from China — had their green card processing halted.
Included in the bill, though, are a number of reforms pushed by Sens. Chuck Grassley (R-IA) and Patrick Leahy (D-VT). Specifically, the Grassley-Leahy reforms include annual reporting requirements to the Department of Homeland Security (DHS), a prohibition on foreign nationals implicated in fraud and foreign government officials from receiving EB-5 visas.
(Excerpt) Read more at breitbart.com ...
10,000 foreign nationals and their families are allowed to enter the U.S. every year on the EB-5 visa. Though the program claims to revitalize underserved American neighborhoods, most investments are used to build luxury real estate.
BIDEN FAMILY GOT A BILLION AND A HALF DOLLARS FROM THE COMMUNIST CHINA REGIME.......DO YOU THINK HE’S ON THE SIDE OF AMERICANS?????
Wealthy Chinese Communists?
Wealthy Communists of any nationality? Hmm.
” EB-5 visa program where wealthy foreign nationals can claim to invest at least $800,000 in U.S. development projects and receive green cards for themselves and their family members with eventual pathways to citizenship”
Much easier for me to understand the value of this program rather than the open border straight to welfare that is being overrun.
If we’re going to allow immigration, make sure that is benefit to our country.
Soon to be rectified by a small percentage of the minority population.
Mostly wealthy? Like mostly peaceful?
Finally something the US Senate actually knows something about...
Buying influence and bribes for favors. /sar
Spy importing?. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
China’s elite spy corps gets free reign under this misbegotten administration.
EB5 is actually beneficial to the US, it draws capital to the US to create US jobs and it brings to the US talented people from all over the world.
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