Political Quotes

“Mr. President, I come to talk to my colleagues today about the deeply flawed EB-5 green card program. Several weeks ago, we learned that the Office of Management and Budget at the White House had completed its review of the new rules to update and reform the EB-5 Program. I have been an advocate for reforming this program for a long, long period of time. Several times I have even talked to the White House about moving these regulations along. Now that they have been reviewed by OMB, for the rule to come into effect, it must now be published in the Federal Register. The rule was first proposed in January 2017. We have been waiting for it to be finished for 2\1/2\ years. I hope that President Trump now makes that happen as soon as possible. The proposed rule would raise the minimum investment amounts required under the program. It also makes sure that investments are directed to rural areas and truly high-unemployment areas, as Congress intended when EB-5 was created in 1990. Considering those points of where EB-5 ought to be concentrated and now looking at how they have been diverted from the original intent of Congress is the very best reason for these rules to be put in place--to get us back to square one, the original intent of the law. Since the 1990s, rampant and abusive gerrymandering of the EB-5 Program's targeted employment areas has undermined that congressional intent, which was to direct it toward high-unemployment areas and rural areas.…”