Immigrant Investor Program: opportunities exist to improve fraud and national security risk monitoring : report to congressional requesters / United States Government Accountability Office.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, author.

Language:

English

Subjects (All):

Regional Center Program (U.S.)--Auditing.

Regional Center Program (U.S.).

U.S. Citizenship and Immigration Services--Appropriations and expenditures.

U.S. Citizenship and Immigration Services.

Investments, Foreign--United States--Evaluation.

Investments, Foreign.

Emigration and immigration--Economic aspects.

Emigration and immigration.

Fraud--United States--Prevention.

Fraud.

Risk management--United States.

Risk management.

United States.

Physical Description:

1 online resource (iii, 63 pages) : color illustrations, color map

Other Title:

GAO-23-106452 Immigrant Investor Program

Place of Publication:

Washington, DC : United States Government Accountability Office, 2023.

Summary:

The EB-5 Immigrant Investor Program enables foreign investors and their eligible family members to obtain lawful permanent resident status and a path to citizenship. Program participants must choose one of two options: (1) invest a minimum of $800,000 in a business that creates at least 10 jobs, or (2) pool their investment with one or more other qualified immigrants in larger development projects under the EB-5 Regional Center Program. This report addresses, among other things: (1) characteristics of EB-5 investors, (2) the extent USCIS collects data to monitor fraud and national security concerns in the EB-5 program, and (3) USCIS efforts to assess and address overall EB-5 fraud and national security risks. GAO is recommending that USCIS (1) systematically collect and track data on the different types of fraud in the EB-5 program; and (2) develop a process to collect and assess the reasons for denying petitions and applications and terminating EB-5 Regional Centers.

Contents:

Background.

EB-5 program participation sharply declined in recent years; investment characteristics varied.

USCIS collects some EB-5 data but lacks readily-available data on fraud and national security trends.

USCIS has taken steps to assess EB-5 program risks and address continuing challenges.

Conclusions.

Recommendations for executive action.

Agency comments.

Appendices.

Notes:

"March 2023."

"GAO-23-106452."

In scope of the U.S. Government Publishing Office Catalog and Indexing Program (C&I) and Federal Depository Library Program (FDLP).

Includes bibliographical references.

Description based on online resource; title from PDF title page (GAO, viewed July 7, 2023).

OCLC:

1390417465