GAO Looks at EB-5 And Doesn’t Like What It Sees
ByComing soon – national events: RealShare STUDENT HOUSING in Dallas on September 1-2. RealShare APARTMENTS in Los Angeles on October 21-22. See our complete lineup.
The Capitol
WASHINGTON, DC—As far as reports from the Government Accountability Office go, there have been worse ones than Wednesday’s findings by the agency on the EB-5 program.
But none with the perfect timing of this report: it comes out just as Congress is getting set to debate the program’s renewal, along with a whole host of other issues. But that is another story.
Even the fiercest advocates of the program should read what GAO has to say, however. In general, there is widespread agreement that some reform is necessary. GAO — no matter its timing — has pinpointed some areas to start in this report…
