Monday, June 5, 2017

Leahy, Conyers, Lofgren Send Letter To Kushner Companies Asking About EB-5 Visas And Conflicts of Interest

Senator Patrick Leahy (D-Vt.), Representative John Conyers, Jr. (D-Mich.), and Representative Zoe Lofgren (D-Calif.) on Thursday pressed the president of Kushner Companies for answers on the company’s use of EB-5 visas and its continued ties to Jared Kushner, President Trump’s top advisor and son-in-law.  At a time when Mr. Kushner is facing scrutiny over his contacts with Russian officials and his former company reportedly is facing financial trouble at its company headquarters and marquee building, there are mounting questions about Kushner Companies’ reliance on and recruitment of foreign investment through the EB-5 Immigrant Investor program.  Leahy has worked for years to reform the flawed EB-5 program, and he was joined by House Judiciary Committee Ranking Member John Conyers (D-Mich.) and House Judiciary Immigration Subcommittee Ranking Member Zoe Lofgren (D-Calif.), who have worked for years to reform the EB-5 program in the House of Representatives.

The EB-5 program has recently been under scrutiny due to documented cases of fraud and concerns that it is not serving the disadvantaged communities that it was originally intended to benefit.  In the letter, Leahy, Conyers, and Lofgren ask about Kushner Companies’ lobbying efforts and about whether Kushner Companies’ practices, and those of its U.S. and Chinese partners, comply with EB-5 program rules and U.S. securities laws.  They also demand answers about Kushner Companies’ use of its relationship to the White House to recruit foreign investors.

No comments: