As a part of the Trump administrations hardline approach to the Chinese Communist Party (CCP), Republicans on the House Judiciary Committee are calling for a reevaluation of the EB-5 immigrant investor visa program which they say the CCP could be taking advantage of.
“Although the EB-5 programs goal of stimulating capital investment and job creation in the United States is laudable, it has become clear in recent years that the CCP may be abusing the program to gain access to U.S. permanent residency for their members,” Reps. Member Jim Jordan (R-Ohio) and Guy Reschenthaler (R-Penn.), said in a letter to Gene Dodaro, U.S. comptroller general and head of the Government Accountability Office (GAO).
Under the EB-5 program, individuals can apply for lawful permanent residence in the United States if they invest a certain amount of money in a commercial business in the country and create or, in some cases, preserve 10 full-time jobs for legal U.S. workers.
In the letter, Jordan and Reschenthaler said that between 2012 and 2018, 80 percent of the EB-5 investor visas went to Chinese-born investors. Once granted, the visa would serve as a way to ensure American residency for the investors entire family.
#NEWS: @Jim_Jordan & @GReschenthaler request re-evaluation of EB-5 investor visa program. pic.twitter.com/QqWGd9F5u6
— House Judiciary GOP (@JudiciaryGOP) June 15, 2020
Jordan and Reschenthaler say the request for a review is in line with President Donald Trumps updated strategy on China, which aims to “protect the American people, homeland and way of life.”
Trump has taken a number of steps to curb the spread of the CCP virus and its harmful effects on the U.S. economy, including banning travel from China. In April, the president signed an executive order “temporarily suspending immigration” in an effort to protect American jobs and livelihoods as the country reopens the economy.
Republicans in the House and Senate have introduced a variety of measures to increase pressure on China for itsRead More From Source
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