“Although the EB-5 program’s 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,” the letter states. “Between 2012 and 2018, 80 percent of the nearly 10,000 EB-5 visas available each year went to Chinese-born investors.”
The GAO reported on fraud within the program in 2016. The two conservative lawmakers asked the office to look at how others, specifically the Chinese Communist Party, could manipulate the U.S. government through the program.
“As Congress reevaluates our relationship with the People’s Republic of China, the time is ripe for GAO to again examine the EB-5 program,” the lawmakers wrote.
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