GAO Report on EB-5 Program

GAO Report on EB-5 Program

The United States Government Accountability Office (GAO) recently conducted a report to examine how USCIS is administering the EB-5 program and offers some insight into how to strengthen the way the program is managed.

According to IIUSA, "The EB-5 Program has grown exponentially in the last few years, with a 72 percent increase in applications from investors seeking to participate in the program in the last year alone. Foreign direct investment (FDI) through EB-5 totaled $1.8 billion in the first two quarters of FY2015, putting the program on track to nearly double the FDI from FY 2013."

"Administering a program with this type of growth requires a significant dedication of resources and expertise. As the GAO report notes, USCIS has significantly improved program oversight with the creation of the Immigrant Investor Program Office, staffed by trained economists, experts in business and immigration law, as well as fraud and national security specialists."

IIUSA and similar organizations continue to provide transparency, compliance, and enforcement with the program oversight, which helps to improve and strengthen it. Doing so has helped bring more jobs into the U.S. economy, improved neighborhoods and communities, and made the American Dream a reality for countless investors.  

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