House Representatives say EB-5 is “laudable” but want investigation of Chinese “abuse”

  • Written by GCBI Team Posted on June 18, 2020 | Updated on June 18, 2020 | 1 min read

Republican Representatives Jim Jordan (Ohio) and Guy Reschenthaler (Pennsylvania) have requested that the Government Accountability Office investigates the Chinese Communist Party’s EB-5 activity. While the two say EB-5’s goals of capital investment and job creation is “laudable,” they claim “it has become clear in resent years that the CCP may be abusing the program.” No specific evidence of abuse was given.

Read the Bloomberg article