On the recordDecember 17, 2015
So this is where the years of work to reform EB-5 have come. So this is how several years of work ended--a reform blocked by selfish interest. I have to be an optimist around here, and I believe that, eventually, right wins out. It is time for things to change. I was for reform. I wanted to make it better. But now, I am not so sure reforms are possible. It may be time to do away with EB-5 completely. Maybe we should spend our time, resources, and efforts on other programs that benefit the American people. Maybe it is time that this program goes away. The next 10 months will be spent exposing the realities and vulnerabilities of this program. As chairman of the Judiciary Committee, I will exercise oversight of this program even more than I have in the past. I will ask tough questions and make more recommendations. My quest to either have EB-5 reformed or to end the program has just begun. This is not the end, this is just the beginning. I yield the floor, and if I have any time, I reserve the remainder of my time. I suggest the absence of a quorum. The PRESIDING OFFICER. The clerk will call the roll. The bill clerk proceeded to call the roll.





