Report: China’s Elite to ‘See the Most Benefit’ from Green Card Giveaway
China’s elite seeking EB-5 visas are set to “see the most benefit” from Sen. Mike Lee’s (R-UT) green card giveaway for Big Tech which passed the Senate this month with no objections from Republicans or Democrats.
Last week, Lee passed the giveaway — known as H.R. 1044 or S.386 — through unanimous consent. The giveaway ensures India can monopolize the United States’ employment-based green cards and allows multinational corporations to effectively privatize the green card line.
The giveaway solidifies that employment-based visas only go to temporary foreign visa workers, mostly on H-1B visas, who have been imported to the U.S. by corporations to replace American workers, thus rewarding companies who outsource American white-collar jobs.
The State Department will offer at least 100,000 extra green cards to Indian and Chinese visa workers who took U.S. jobs from U.S. graduates. https://t.co/PuWzHisXFQ
— Breitbart News (@BreitbartNews) August 21, 2020
Slipped in the giveaway are provisions that permanently change the scandal-plagued EB-5 visa program which rewards 10,000 wealthy foreign nationals annually with green cards so long as they claim to invest at least $900,000 in U.S. development projects. The program virtually lets the world’s elite buy American citizenship.
Analysis by the industry EB-5 Daily site notes that some of the giveaway’s biggest beneficiaries will the rich Chinese investors who have jammed up the program with applications for green cards:
Currently, there’s a 7% per-country cap limit on EB-5 visas, meaning no one country can receive more than 7% of the visas, unless there are left over visas, in which case these are allocated to the longest waiting applicants regardless of country of origin. [Emphasis added]
If passed, this bill may be a game-changer for EB-5, whose per-country caps have placed investors from high-demand countries in lengthy visa backlogs. Investors from China would see the most benefit, as they have been waiting the longest for visas. Other backlogged countries, such as Vietnam and India could also benefit. [Emphasis added]
Such changes to the EB-5 visa program would come as scandals have continued. This week, a federal judge slapped sanctions on a man accused of using the EB-5 visa program to defraud more than 50 wealthy Chinese and Iranian investors of more than $25 million by promising them green cards in exchange for investments in a Palm Beach, Florida hotel development project.
U.S. Tech Workers Executive Director Kevin Lynn, a group lobbying against the giveaway, told Breitbart News it is Senate Republicans who helping China buy up more of the American economy. Lynn said:
Republicans like to pride themselves in going after China for allegedly creating COVID-19, stealing our intellectual property, and unfair trade practices. Yet, these same Senate Republicans would like to reward rich Chinese investors with EB-5 visas, and to gain a monopoly on available EB-5 visas by passing this HR1044/S386 legislation.
“At the end of the day, Republicans have no one to blame but themselves for allowing China to eat our lunch,” Lynn continued.
Rep. Zoe Lofgren (D-CA) is reportedly attempting to slip the giveaway into an end-of-the-year omnibus spending bill. The giveaway could pass the House and be sent back to the Senate for passage if Republican lawmakers do not object.
In 2018, the U.S. rewarded nearly 8,000 wealthy foreign investors and their family members with green cards. Between 2014 and 2018, the federal government gave EB-5 visas to about 43,130 wealthy foreign investors and their family members who can secure American citizenship after five years of living in the U.S.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
Marsha Blackburn: Senate Should Investigate Cozy Relationship Between Biden Incorporated and China
Sen. Marsha Blackburn (R-TN) said the Senate should investigate the relationship between Joe Biden’s family and China, offering her remarks on Wednesday’s edition of SiriusXM’s Breitbart News Daily with host Alex Marlow.
Marlow asked about a report from Axios regarding a suspected Chinese spy’s cultivation of relationships — including those of a sexual nature — with California politicians and at least two Midwestern mayors.
“We should know that China is not our friend,” replied Blackburn. “China, North Korea, Iran, Russia, that is your new axis of evil, and China is pushing for global domination, so they’re going after politicians that they think are friendly to China. They’re looking at governors that are friendly to China policy, and they’re making their list, and they’re targeting the sphere of influence around these individuals.”
Marlow stated, “This is part of the whole problem if Joe Biden, in particular, is sworn in. Who’s going to be accountable for this? It just seems like so many people go along with it.”
Blackburn replied, “That is everyone’s concern. … If Joe Biden ends up as the president elect and then the president, how would we handle something like this? Because we know there is a cozy relationship between Biden incorporated and China, and what we have to do is, it’ll be up to the U.S. Senate to investigate some of these ties that are coming from China.
LISTEN:
Blackburn said the runoff elections in Georgia for the state’s seats in the U.S. Senate “will determine if we’re on the path to socialism, or if we’re going to continue to fight for freedom in this country.”
Blackburn’s podcast, Freedom Rings, launched on Monday. Her first guest was Sen. Kelly Loffler (R-GA).
Breitbart News Daily broadcasts live on SiriusXM Patriot 125 weekdays from 6:00 a.m. to 9:00 a.m. Eastern.
McCarthy: Swalwell ‘Swindled by the Chinese’ — ‘He’s Jeopardizing National Security’
House Minority Leader Kevin McCarthy (R-CA) on Thursday reacted to the Axios report claiming a Chinese spy named Fang Fang had relationships with Democrats such as Rep. Eric Swalwell (D-CA), a member of the House Intelligence Committee.
McCarthy emphasized on FNC’s “Fox & Friends” that Swalwell should not be on the influential Intelligence Committee because he has been “jeopardizing national security.” He questioned how Swalwell even got on the committee as a sophomore lawmaker in the minority, to begin with.
Partial transcript as follows:
The Intel Committee is different than any other committee. It is the most difficult committee to get on. It’s only selected by the leaders of both parties. He got on as a sophomore. How could he do that? They were in the minority at the time — not very many seats. He got on as a sophomore, and now, he says, that Nancy Pelosi and Adam Schiff knew of it. This is a national security threat. The Intel Committee does not meet in normal chambers. They meet in what is called a SCIF to protect people from listening in on what they’re talking about.
They are getting secrets that other members of Congress never are able to see, and now we have Eric Swalwell, whose been swindled by the Chinese, but what’s even more interesting here is why did he attack the American Director of Intelligence John Ratcliffe’s report, talking about the expansion of China spying throughout? Just last week, he attacked the director, John Ratcliffe, defending China. This man should not be in the Intel Committee. He’s jeopardizing national security. What is being said in those meetings inside the SCIF that we don’t want other people to hear or listen? You cannot take in your watch. You cannot take in your phone, but here, we have an individual, who Nancy Pelosi — this is the real question — when did Nancy Pelosi know of this, and why did she maintain him on the committee?
Adam Schiff, who has spent four years as chair, worried about the foreign intervention into our country, knowingly keep an individual on the committee, if he knew — as Swalwell says — that he was with a Chinese individual who was a spy, who helped him run for Congress? Then the other question is did anybody influence getting a sophomore member on to the Intel Committee?
This just raises more questions. It puts the national security of this country — and then I have another question for them. Why did the Democrats pull out of the bipartisan China task force that would look at this problem and others? And the other committee that he sits on was space and technology, science, that deals with our satellites, deals with going into space and others. Why is he so interested on that committee? These questions continue to raise about this individual.
Follow Trent Baker on Twitter @MagnifiTrent