The EB-5 visa program was designed to stimulate the U.S. economy and to encourage job creation in rural and low-employment areas. Although the program has been effective, a recent report from Breitbart News identifies several cases of fraud related to the EB-5 program. Reform has been elusive despite bipartisan efforts to reduce fraud. According to the news site VTDigger , Senators Patrick Leahy and Chuck Grassley recently testified before the House of Representatives regarding the various issues with the EB-5 program. Leahy, who had once championed the program, pointed out several potential improvements that could reduce fraud and abuse: 1. Prevent the formation of Targeted Employment Areas through gerrymandering; 2. Increase the minimum investment requirements; 3. Adequately vet the funds invested through the EB-5 program; 4. Ensure jobs created by the EB-5 program ...
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