Sources: Lindsey Graham Uses China’s Disease Crisis to Deliver Green Cards to Wealthy Chinese
Sen. Lindsey Graham is 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, according to several activists and Politico magazine.
“How can people pushing this not see how politically explosive this is?” said Mark Krikorian, director of the Center for Immigration Studies. “An EB-5 increase would almost exclusively benefit Chinese: It is hard to imagine what they are thinking.”
The plan by Graham, (R-S.C.) was provided to Politico, which said it would “boost the number of [EB-5] visas offered to wealthy immigrants who invest money in the United States as it tries to boost a faltering economy amid the escalating coronavirus outbreak, according to four people familiar with the situation.” The Politico report added:
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.
Breitbart News asked Graham’s office for comment. The office responded by saying, “Check with the Majority Leader’s office. He is handling the package and what will/will not be included.”
Immigration reformers say they are astounded by Graham’s apparent willingness to have the GOP portray itself as covertly selling fast-track citizenship to wealthy Chinese migrants amid the mounting human toll and economic cost caused by China’s coronavirus.
“It is appalling – it is not even like in any tangential way related to the crisis we’re in,” Krikorian said, adding, “anybody who signs on to this is going to get some of the splatter.”
“Why on earth would they be going down this path? Who is telling them this is a good idea?” said Preston Huennekens, a lobbyist at the Federation for American Immigration Reform. Trump’s deputies reformed the EB-5 program in 2019 to cut corruption and to spread the spending outside coastal cities, he said, so any walk back would be really alarming, he said.
Instead of a serious push, “I hope it is a play” just to get political donations from the investment groups, said one source.
GOP leaders seem to be resisting special interest grabs by GOP and Democrat legislators. “The goal here is to deal with this emergency created by this epidemic,” Senate Majority Leader Mitch McConnell said March 17. “Anything that doesn’t address that pandemic to me should not be considered.”
The Graham amendment would expand the EB-5 program, which awards EB-5 green cards and the promise of citizenship to foreign investors who lend money to private U.S. companies. The program is widely used in the real-estate sector by investors to raise construction funds.
https://www.breitbart.com/immigration/2020/03/19/sources-graham-uses-the-disease-crisis-to-deliver-green-cards-to-wealthy-chinese/