A supposed plan by Sen. Lindsey Graham (R-SC) would reward more of China’s elite to essentially buy American citizenship for themselves and their families with the promise of investing in U.S. cities.
Under the EB-5 visa, wealthy foreign nationals can claim that they will invest at least $500,000 and thus receive Green Cards for their family for at least two years, with pathways to American citizenship available as well. The only requirement is that the EB-5 investor creates ten U.S. jobs and help revitalize “distressed” areas, though more often than not investors fund projects in wealthy zip codes. Continue reading “Coronavirus: Chinese Elite May Win More U.S. Citizenship-for-Investment Visas Despite Scandals”