What is the EB-5 Visa Program?

Today the Senate Judiciary Committee is discussing whether to reauthorize a visa program that allows foreign investors to purchase green cards for themselves and their families in exchange for a $500,000 investment. Upon examining the background of some of the “regional centers” that facilitate the EB-5 program, FAIR discovered concerning issues. Some have websites only in foreign languages, if they had websites at all. Some of the contacts for the centers are immigration attorneys. And, there have been several instances of fraud and embezzlement, so far.

Never mind the fact that we’re selling green cards to the highest bidder, the program needs thorough investigation and oversight to ensure the middlemen running these regional centers are not operating fraudulent schemes.

Read more about EB-5 Regional Centers in an op-ed I wrote with Bob Dane on FoxNews.com entitled “Is Our Government Authorizing Shady Middlemen to Sell Green Cards?

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Content written by Federation for American Immigration Reform staff.