On the recordDecember 19, 2013
Given that we are considering promoting Director Mayorkas to be second-in-command at DHS, it is appropriate that we consider how he managed this program and whether he addressed criminal and national security concerns, including exploitation of the EB-5 regional center program by terrorists, spies, and other threatening actors. These weaknesses were apparently the subject of repeated examinations by the administration. I have repeatedly pressed the administration for more information regarding the weaknesses in the EB-5 program under Director Mayorkas and what actions it has taken to remedy those weaknesses. The chairman has declined to join in this inquiry. Why is that? Why would the chairman decline to join in finding out the truth? I have not received documents or any of the information I have requested. At the same time there is no public record of steps Director Mayorkas has taken to address EB-5 concerns. For example, to date, USCIS has failed to promulgate any regulations shutting down regional centers being exploited by criminals or terrorists. This raises serious concerns with me. When Congress created the EB-5 program in 1990, the goal was to stimulate the U.S. economy through job creation and capital investment by foreign investors. To that end, the original program--called the basic immigrant investor program--required immigrant investors to invest $1 million in a commercial enterprise that would create or preserve at least 10 jobs.…





