Kinzinger, Malinowski Lead Effort on Golden Visa Accountability

Washington, DC – This week, Congressmen Adam Kinzinger (IL-16) and Tom Malinowski (NJ‑7) intro­duced H.R. 4142, the Golden Visa Accountability Act. This bipar­ti­san leg­is­la­tion would direct the Department of State to cre­ate a data­base that high­lights denials of investor visas on the grounds of cor­rup­tion or human rights abus­es. These visas, col­lo­qui­al­ly known as “gold­en visas,” are often used by cor­rupt offi­cials to laun­der mon­ey and live lav­ish lifestyles in the West. By coor­di­nat­ing with the European Union and the coun­tries of the Five Eyes, the United States would be lead­ing the way to curb efforts by Chinese and Russian klep­to­crats to shop for these visas in the West. 

Following intro­duc­tion of the bipar­ti­san H.R. 4142, the Golden Visa Accountable Act, Reps. Kinzinger and Malinowski released the fol­low­ing statements:

The nation­al secu­ri­ty of the United States rests on our abil­i­ty to deny access to our shores to those who would do us harm. Working with our part­ners, we need to ensure that we close loop­holes that allow for­eign cor­rupt offi­cials to abuse our visa process to live lav­ish lifestyles in the West. By shar­ing intel­li­gence on the visa denials of these klep­to­crats, we will not only ensure that these visas are reserved for hon­est investors but will also pre­vent crim­i­nals from freely spend­ing their mon­ey in the United States,” said Congressman Kinzinger“I want to thank Congressman Malinowski for join­ing me in this effort and for his ded­i­ca­tion to coun­ter­ing Russian and Chinese corruption.”

This week, Congressmen Adam Kinzinger (IL-16) and Tom Malinowski (NJ‑7) intro­duced H.R. 4142, the Golden Visa Accountability Act.

American cit­i­zen­ship should not be for sale. The EB‑5 cash-for-cit­i­zen­ship pro­gram is set to expire on June 30 and we should let it die. The pro­gram is too great a risk in this age of klep­toc­ra­cy, where author­i­tar­i­an cronies and oli­garchs use their wealth to infil­trate and cor­rode democ­ra­cy. But we still need to share infor­ma­tion with allies who may not have the capac­i­ty to detect and reject klep­to­crats that shop around until they find a coun­try that will give them their gold­en visas and pass­ports,” said Congressman Malinowski.

Reps. Kinzinger and Malinowski were joined in intro­duc­ing the Golden Visa Accountable Act by their col­leagues from the Caucus Against Foreign Corruption and Kleptocracy: Rep. Steve Cohen (TN-09), Rep. Brian Fitzpatrick (PA-01), Rep. Sheila Jackson Lee (TX-18), Rep. Marcy Kaptur (OH-09), Rep. Peter Meijer (MI-09), Rep. Katie Porter (CA-45), Rep. Dean Phillips (MN-03), and Rep. Maria Elvira Salazar (FL-27).

The Golden Visa Accountability Act is the third in a series of bills intro­duced as part of Counter-Kleptocracy Month, an ini­tia­tive of the Caucus Against Foreign Corruption and Kleptocracy. Previously, the Caucus intro­duced the Justice for Victims of Kleptocracy Act and the Foreign Corruption Accountability Act.

To read the full text of the bill, H.R. 4142, please see the attached PDF or view it on the Congressman’s web­site here.

Related Posts