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Fraud Claims From EB-5 Visa Use Need Attention Now

Sept. 22, 2016, 3:37 PM

Rampant fraud and abuse caused an interagency working group to conclude in 2010 that the EB-5 immigrant investor program should be shut down, Sen. Charles Grassley (R-Iowa) said Sept. 22.

A long-time critic of the program, the Senate Judiciary Committee chairman this month has been making a vehement push to overhaul it as part of reauthorization legislation. The program is set to expire Sept. 30, and both Grassley and Judiciary Committee ranking member Patrick Leahy (D-Vt.) say it should lapse rather than continue in its present form.

“It’s beyond me why some in Congress are so reluctant to ...