{"id":22275,"date":"2019-12-09T13:52:03","date_gmt":"2019-12-09T18:52:03","guid":{"rendered":"https:\/\/www.immigrationreform.com\/?p=22275"},"modified":"2019-12-09T13:52:05","modified_gmt":"2019-12-09T18:52:05","slug":"investor-visa-senate-bill-immigrationreform-com","status":"publish","type":"post","link":"https:\/\/www.immigrationreform.com\/2019\/12\/09\/investor-visa-senate-bill-immigrationreform-com\/","title":{"rendered":"\u2018Parole\u2019 Bill Doubles Down on Cash-for-Visas Racket"},"content":{"rendered":"\n

Just in time for Christmas, Congress is cooking up a bill to \u201cparole in\u201d 73,000 foreign nationals<\/a> awaiting green cards.<\/p>\n\n\n\n

The legislation<\/a> — nullifying or watering down new regulations<\/a> designed to rein in America\u2019s scandal-plagued EB-5 investor-visa system<\/a> — would blow up the program\u2019s admissions cap, set at 10,000 annually.<\/p>\n\n\n\n

The draft bill empowers the Homeland Security secretary to\n\u201cparole in\u201d all alien investors who had EB-5 applications pending for three\nyears or whose approved petitions are log-jammed by the country-of-origin\nprovisions (primarily Chinese nationals).<\/p>\n\n\n\n

Over a three-year period, the DHS secretary could admit 73,000\nforeign investors and their family members, on top of the 10,000 annual quota.<\/p>\n\n\n\n

This may be a nice present for aliens in the green card queue, but\nit\u2019s not so great for the rule of U.S. immigration law. Arbitrarily lifting the\nlong-standing EB-5 ceiling invites capricious lawmakers to tinker with other\nbacklogs via administrative fiat.<\/p>\n\n\n\n

Worse still, the bill enables EB-5 middlemen who handle foreign\nnationals\u2019 cash to more easily manipulate \u201cemployment areas\u201d for qualified\ninvestment. The program\u2019s geographic guidelines are already so loose that\ninvestor funds targeted for depressed rural areas have been steered to projects\non Wall Street and some of the country\u2019s richest ZIP Codes.<\/p>\n\n\n\n

Ironically (or not), the author of the EB-5 bill is Sen. Mike Rounds, who, as governor of South Dakota, presided over one of the program\u2019s most salacious scandals<\/a>.<\/p>\n\n\n\n

Noting a cavalcade of boondoggles and outright fraud<\/a> involving EB-5 ventures from coast to coast, FAIR<\/a> has called for abolition of the cash-for-visas racket. <\/p>\n\n\n\n

Rounds\u2019 \u201cparole\u201d bill only makes a bad situation worse. This is\nno Christmas gift; it\u2019s a noxious lump of coal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Just in time for Christmas, Congress is cooking up a bill to \u201cparole in\u201d 73,000 foreign nationals awaiting green cards. The legislation — nullifying or watering down new regulations designed to rein in America\u2019s scandal-plagued EB-5 investor-visa system — would blow up the program\u2019s admissions cap, set at 10,000 annually. The draft bill empowers the<\/p>\n

Read More<\/a><\/div>\n","protected":false},"author":11,"featured_media":15422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[74],"tags":[1169,1524,5864,141],"yst_prominent_words":[7242,7241,2874,2464,4007,2519,2695,2181,2032,2696,1948,7240,7243,4536],"_links":{"self":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/22275"}],"collection":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/comments?post=22275"}],"version-history":[{"count":1,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/22275\/revisions"}],"predecessor-version":[{"id":22276,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/22275\/revisions\/22276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/media\/15422"}],"wp:attachment":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/media?parent=22275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/categories?post=22275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/tags?post=22275"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/yst_prominent_words?post=22275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}