US Congress takes on visa program aimed at wealthy foreigners
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The U.S. Congress is scrutinizing a controversial immigration law which gives wealthy foreigners a path to citizenship.
CCTV America’s correspondent Steve Mort reported.
Lawmakers last year temporarily extended the EB-5 visa program, but are expected to overhaul it when it comes up for renewal in September. The program is used by developers to attract foreign investment, either directly or through government-approved ‘regional centers’ where businesses pool funds.
In downtown Orlando, Florida, construction of a 25,000 seat football stadium is underway. The new home of Orlando City’s professional football franchise has a price tag approaching 200 million dollars.
Flavio Augusto da Silva, the club owner, said that about 35 percent of the construction costs will be met by wealthy international investors. “Maybe because I am Brazilian, we have big groups of Brazilians that have invested in the club,” Silva said.