Page 34 - Feb 5 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Citizenship. the government is, in effect, financing private real estate developers. in rare bipartisan unity, both democrat dianne feinstein and republican charles grassley introduced legislation in the senate to terminate the eb-5 program. however, president trump signed a bill to extend the program through the end of september. now, i'm all in favor of attracting foreign investment and generating jobs in the u.s. but better to do it through wise tax and regulatory policy that makes the country friendly for business rather than through the sale of something that should be more precious -- th...

Billion in real estate loans. dorian, what do you make of that long list? >> i don't know where to start. i'm from chicago, illinois, and i know pay for play politics when i see it. in this case, the chinese case is interesting, because these eb-5 visas, basically you put up $500,000, you get a smooth road to permanent residency or citizenship. if you're a poor immigrant, no, not under this administration. you're not only prevented from coming in, but he's rounding up and detaining and trying to deport as many immigrants as possible. that is the current policy. >> just to be clear, you're sayi...

Their beijing presentation. cnn found out about this event because of this ad. it was actually posted in the elevator of our building here in beijing, so we took a photo. you can clearly see it says kushner one right there, and later on, it says "invest $500,000, and emigrate to the united states." this was billed as a public event and we shot it from the crowd on an iphone, but other organizations who showed up got kicked out. reporters with both "the new york times" and "washington post" were asked to leave. the "post" wrote that when they asked why, "a pr person who declined to identify her...

Some sort of business deal? >> well, let me give you a parallel we have seen many times. it happens quite often when he have an ethics debate on capitol hill. and that's when some are married to lobbyists. there was a democratic senator who wife was a lobbyist. and frankly they said wairp not entitled to make a living independent of their spousemizech and the court and -- >> jack, what does thought have to do with nicole kushner and jared kushner. >> well, i think the rael is that are we saying that anybody not the titled to be involved with an existing law and be involved illegally -- >> no o...

Kushner. speaking on behalf of kushner companies, she was seeking $150 million in investment for a new luxury tower in new jersey under a visa program called eb-5. the much-criticized program allows wealthy foreigners to invest at least $500,000 into commercial projects in the u.s., as long as the project creates at least ten full-time jobs for americans, that investor can apply for a u.s. green card, which can eventually lead to citizenship. critics have said the program amounts to selling u.s. citizenship, though many admit it has helped spur some growth. the vast majority of foreigners taki...