Last week, Chinese Central Television (CCTV) aired a report on the EB-5 program focusing on the current legislation surrounding the Program. Of particular focus was Congress’ recent legislative proposal that would raise the minimum investment to $800K. The broadcast also stressed the importance of using approved agents and developers and highlighted the importance of due diligence on the part of investors.
IIUSA had the pleasure of welcoming CCTV to our Washington, DC offices to conduct an interview with Executive Director, Peter Joseph where Mr. Joseph commented on investor security and due diligence stating:
“This program has grown as quickly as it has had, as we discussed earlier, 700 percent growth in about a 6 year time period…. Investors are also protected by US laws when they invest in the United States and the federal government has shown that they are willing to fight for investors when they step in, and if people are trying to take advantage of investors they will have to face the long arm of justice here in the US.”
To view the video, click the link below.