What is going on in his brain!
According to Politico magazine and many activists, Sen. Lindsey Graham was caught “using the coronavirus recovery bills to dramatically expand the award of EB-5 green cards to wealthy Chinese if they lend money to U.S. real estate investors and other companies.”
The director of the Center for Immigration Studies was baffled by what was happening and said, “How can people pushing this not see how politically explosive this is? An EB-5 increase would almost exclusively benefit Chinese: It is hard to imagine what they are thinking.”
The proposal, which could be included in one of the Senate’s coronavirus rescue bills, would significantly boost the number of visas offered annually from 10,000 to 75,000 while halving the investment required to earn legal residence from $900,000 to $450,000, they say.
Half the recipients of the EB-5 visa program — investors and their families — come from China, according to a report by the Brookings Institution think tank. Many others come from South Korea and Taiwan.
Many have asked for Graham’s comments, however they were met with “Check with the Majority Leader’s office. He is handling the package and what will/will not be included.”
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