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The legislation says 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 an inquiry: Have you done any type of research study on just how much cash remains past the 2 years? And the solution was no


Senator Grassley. Thank you, Mr. Chairman. I want to have a second round. Chairman Leahy. Absolutely. Let me simply ask, Mr. Divine, you hear this objection that the money only needs to remain spent for 2 years. Has that been your experience? Mr. Divine. If money obtains placed right into a resort, as I was starting to discuss earlier, the designer of that job would certainly have to be able to discover someone to buy the hotel or would certainly have to have the ability to locate somebody to refinance it with other cash.

It is not any easier always than when it was in the conditions that caused the foreign capitalists being the most effective choice for financing things to begin with. Hi, if it is an effective job, it makes cash, and it can be marketed, I do not see any kind of reason why the job must not be able to be marketed and for the capitalist to be able to realize the return of his investment, maybe gain on his investment, simply like every various other capitalist.

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If you have a project that is funded directly through the Immigrant Capitalist Program and it is believed to be using undocumented employees, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I think what we need to understand additionally is that the situation that is being pointed out as evidence that occasionally these tasks have employed an unapproved worker is one in which USCIS did some sort of checking and established that the employee was not authorized and stopped it.


Mr. Divine. Every one of these companies see this site is needed to complete the I-9 kind, yet USCIS goes an action better and does a check of some kind that led to the situation that has actually been discussed. I am not a witness below, but I am so struck by Mr.

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I mean, I recommend that suggest of you actually-- In fact North, in your case, get out obtain inside the Beltway and go up there and talk with some of these people.

They will say, "We have obtained regarding nine of us here, and we have actually been here given that 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not rather what a prohibited immigrant could be stating. In reality, I believe Mr. Stenger would say that of his British investors was believing, "Are most of us talking the exact same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress keeps meeting a last-minute reauthorization? In this instance it would certainly be, I assume, September of following year, September of 2012. What does that do to an agency trying to provide a program if Congress waits until the last few days to reauthorize it? What is the useful effect? Mr.

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I suggest, the firm pop over to this site effectively is-- USCIS is a fee-funded company, so it is basically type of running a company and needs to cover its expenditures with the earnings that is generated. To run this program properly, USCIS needs to staff up in a large method, taking care of the volume that is currently there and anticipating the boosted volume of more financial investment as we get back at near half of the 10,000 visas that are offered in this group.

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I suggest, that has obtained to seem like a conflicting situation, and you would certainly envision that it is mosting likely to hold somebody back. Now, I am not saying that they are keeping back, and I understand that they are trying to staff up since I make sure they believe and hope that the program will be reauthorized for the benefit of my response the Nation.


And is that really where they are going to be able to spend their time and resources in trying to clean up the policies of this program to make sure that everyone recognizes whether they can certify or otherwise and which type of tasks are mosting likely to qualify etc? We need that consistently.


And, Mr. Stenger, we in Vermont-- again, a tiny State, yet we have the State federal government entailed with the Vermont Regional. Mr. Stenger.