U.S. Senator Chuck Grassley, R-Iowa, singled out Watchdog.org as he spoke on the Senate floor Wednesday for its great work on the controversial EB-5 program.
“Watchdog.org, a national watchdog group that has followed abuses of the program closely over many years, has also identified another problematic, gerrymandered targeted employment area,” said Sen. Grassley. “They reported that a 21-story residential building project, which included trendy restaurants and shops, was built with foreign investments despite its location in an upscale neighborhood with only 0.8 percent unemployment. These are just a few examples, yet they point to a clear problem with this program.”
Watch Sen. Grassley’s statement below: