It's up to President-elect Donald Trump to address fraud and abuse in America's EB-5 visa program, which provides a citizenship path for foreigners who invest at least $500,000 to $1 million in job-creating projects.
As The Washington Times reports, the lame-duck Congress “renewed the EB-5 visa, without any reforms, for another four-and-a-half years as part of the year-end stopgap spending bill.”
As Washington swamps go, there's plenty to drain from the EB-5 bog. Critics say the program allows wealthy foreign investors to buy admission to the U.S. A former head of U.S. Citizenship and Immigration Services was blasted by an inspector general for “unprecedented” intervention that secured “EB-5 approvals in cases involving politically connected Democrats,” including former Senate Minority Leader Harry Reid. And in Vermont, hundreds of millions of EB-5 investor dollars allegedly have been diverted “as part of a Ponzi scheme.”