Political Quotes

On the recordMarch 19, 2018
I rise today to bring to my colleagues' attention an issue that is important to millions of individuals who understand that American citizenship is something that ought to be treasured. The American people understand that our citizenship is a blessing and shouldn't be given away cheaply. Unfortunately, for too many years, this body has witnessed the perversion and degradation of a program that sells--yes, we sell citizenship to some people. This program originally had a good purpose. In return for investing money in underserved areas and creating good-paying American jobs, immigrant entrepreneurs could eventually become U.S. citizens. Sadly, in the last decade, this program has been hijacked by big-moneyed New York City real estate interests--to be specific, the Real Estate Roundtable. These developers now take almost all the foreign investment from this program, and for the last few years, they have actively prevented this body from enacting any reforms and needed reforms. For those who are not aware, I am talking about the EB-5 Regional Center Program. I have been fighting in a bipartisan way for years to reform this corrupt and scandal-clad program. I have been fighting to protect our national security, to ensure foreign investment is going to the most deserving areas, and to make sure that American citizenship isn't sold at rock-bottom prices in order to feed the addiction of New York interests to cheap money.…
Said by
Chuck Grassley
Republican · Iowa
Source
govinfo.gov
Mar 19, 2018

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