EB-5: What Is the Controversial ‘Golden Visa’ Touted by Kushner Kin? - NBC 5 Dallas-Fort Worth
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EB-5: What Is the Controversial ‘Golden Visa’ Touted by Kushner Kin?

The program was created in 1990 to help stimulate the U.S. economy

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    EB-5: What Is the Controversial ‘Golden Visa’ Touted by Kushner Kin?
    Albee Zhang/AFP/Getty Images, File
    In this May 7, 2017 file photo, Nicole Kushner Meyer (third left), the sister of White House senior adviser Jared Kushner, poses at a promotional event in Shanghai. She urged wealthy Chinese to buy stakes in a New Jersey real estate project through a controversial visa program that offers U.S. residency in exchange for investment.

    A controversial visa program that puts wealthy foreign investors on the fast track to earn permanent U.S. residency is under scrutiny following reports that Jared Kushner's sister pushed the program in China, NBC News reported.

    The EB-5 visa investor program allows foreign nationals to get faster access to green cards for themselves and their families if they invest at least $500,000 into qualified U.S. development projects and create or preserve 10 permanent U.S. jobs.

    The Kushner family business urged wealthy Chinese citizens last weekend to consider investing the money into a luxury apartment complex in New Jersey.

    About 10,000 EB-5 visas can be authorized in a year. The program was instituted in 1990 by Congress to "stimulate the U.S. economy through job creation and capital investment by foreign investors," according to the U.S. Citizenship and Immigration Services website.

    3 Dead in Maryland Shooting; Manhunt for Gunman Underway

    [NATL] 3 Dead in Maryland Shooting; Manhunt for Gunman Underway

    Authorities are searching for Radee Labeeb Prince, 37, who is on the run after he was suspected of shooting five employees of Advanced Granite Solutions at the Emmorton Business Park in Edgewood, Maryland. 

    (Published Wednesday, Oct. 18, 2017)