EB-5: What Is the Controversial ‘Golden Visa’ Touted by Kushner Kin?

The program was created in 1990 to help stimulate the U.S. economy

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Albee Zhang/AFP/Getty Images

A controversial visa program that puts wealthy foreign investors on the fast track to earn permanent U.S. residency is under scrutiny following reports that Jared Kushner's sister pushed the program in China, NBC News reported.

The EB-5 visa investor program allows foreign nationals to get faster access to green cards for themselves and their families if they invest at least $500,000 into qualified U.S. development projects and create or preserve 10 permanent U.S. jobs.

The Kushner family business urged wealthy Chinese citizens last weekend to consider investing the money into a luxury apartment complex in New Jersey.

About 10,000 EB-5 visas can be authorized in a year. The program was instituted in 1990 by Congress to "stimulate the U.S. economy through job creation and capital investment by foreign investors," according to the U.S. Citizenship and Immigration Services website.

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