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The law claims you have obtained to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any research study on exactly how much cash stays beyond the 2 years? And the response was no


Legislator Grassley. Thank you, Mr. Chairman. I want to have a 2nd round. Chairman Leahy. Certainly. Let me simply ask, Mr. Divine, you hear this objection that the cash just needs to remain invested for 2 years. Has that been your experience? Mr. Divine. If money obtains placed into a resort, as I was beginning to clarify earlier, the designer of that task would certainly have to be able to find somebody to purchase the hotel or would need to be able to find somebody to refinance it with other money.

It is none easier necessarily than when it remained in the problems that resulted in the international financiers being the very best option for financing the important things to begin with. Hello, if it is an effective job, it makes money, and it can be offered, I do not see any reason why the project need to not be able to be marketed and for the capitalist to be able to understand the return of his financial investment, possibly gain on his financial investment, just like every various other financier.

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If you have a job that is funded directly through the Immigrant Investor Program and it is believed to be utilizing undocumented workers, Migration and Traditions Enforcement could explore the employer, could they not? Mr. Divine. They could. I indicate, I believe what we require to realize also is that the case that is being cited as proof that in some cases these tasks have hired an unapproved worker is one in which USCIS did some sort of monitoring and figured out that the employee was not accredited and quit it.


Mr. Divine. Every one of these companies is needed to finish the I-9 form, but USCIS goes an action additionally and does a check of some kind that led to the case that has actually been discussed. I am not a witness below, however I am so struck by Mr.

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I mean, I recommend that suggest of you actually-- Mr. North, in your case, instance out from inside the Beltway and go up there and talk with speak of these people.

They will certainly state, "We have actually got regarding nine people right here, and we have been below since 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not quite what an illegal alien may be stating. I think Mr. Stenger would say that one of his British capitalists was thinking, "Are we all talking the same language below?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former agency official. What does it do if Congress keeps meeting a final reauthorization? In this situation it would be, I think, September of following year, September of 2012. What does that do to an agency trying to administer a program if Congress waits until the last few days to reauthorize it? What is the functional effect? Mr.

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I imply, the company essentially is-- USCIS is a fee-funded firm, so it is basically type here of running a company and needs to cover its costs with the income that is generated. To run this program appropriately, USCIS requires to staff up in a large method, handling the volume that is already there and expecting the boosted volume of even more investment as we get also close to half of the 10,000 visas that are available in this category.

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I imply, that has actually reached really feel like a conflicting circumstance, and you would picture that it is mosting likely to hold someone back. Currently, I am not claiming that they are keeping back, and I recognize that they are attempting to staff up because I am certain they think and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that really where they are going to be able to spend their time and resources in attempting to clear the guidelines of this program to ensure that everyone knows whether they can qualify or otherwise and which sort of projects are mosting likely to qualify etc? We need that consistently.


And, Mr. Stenger, we in Vermont-- once again, a little State, however we have the State government included with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility manager, and really I guess you would certainly call it the owner of the regional center, has actually been a significant advantage.