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The regulation claims you have actually 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 type of research on just how much money remains past the 2 years? And the response was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this criticism that the money just has to remain invested for 2 years. Mr. Divine.






It is none easier always than when it was in the problems that caused the foreign capitalists being the finest option for financing the important things to begin with. Yet, hey, if it is a successful task, it earns money, and it can be offered, I do not see any reason that the project need to not be able to be sold and for the financier to be able to realize the return of his financial investment, possibly gain on his financial investment, much like every other capitalist.

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If you have a job that is moneyed directly through the Immigrant Investor Program and it is believed to be utilizing undocumented workers, Migration and Traditions Enforcement could investigate the employer, could they not? Mr. Divine. They could. I imply, I think what we require to realize also is that the situation that is being mentioned as proof that sometimes these jobs have actually hired an unapproved employee is one in which USCIS did some kind of checking and determined that the employee was not authorized and stopped it.


Mr. Divine. Every one of these employers is needed to complete the I-9 kind, however USCIS goes an action further and does a check of some kind that led to the case that has been mentioned. I am not a witness here, yet I am so struck by Mr.

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I mean, Imply recommend that all of you actually-- In fact North, in your case, instance out from inside the Beltway and go up there and talk with chat of these people.


They will say, "We have got regarding nine people below, and we have actually been here considering that 5 o'clock this morning, Mister." [Laughter.] Chairman Leahy. Not quite what an illegal alien could be claiming. I think Mr. Stenger would state that one of his British financiers was thinking, "Are we all speaking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former company official. What does it do if Congress maintains tasting a last-minute reauthorization? In this case it would be, I believe, September of following year, September of 2012. What does that do to a firm attempting to carry out a program if Congress waits until the last few days to reauthorize it? What is the sensible result? Mr.

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I imply, the company effectively is-- USCIS is a fee-funded agency, so it is essentially kind of running an organization and has to cover its expenses with the earnings that is created. To run this program properly, USCIS needs to staff up in a more info big way, taking care of the quantity that is currently there and expecting the enhanced volume of even more investment as we get back at near fifty percent of the 10,000 visas that are available in this category.

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I imply, that has obtained to feel like a contrasting scenario, and you would envision that it is going to hold someone back. Now, I am not saying that they are keeping back, and I know that they are attempting to staff up since I make sure they believe and wish that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are going to have the ability to spend their time and resources in attempting to clear the regulations of this program to make sure that everybody understands whether they can qualify or not and which kinds of jobs are going to certify etc? We require that consistently.


And, Mr. Stenger, we in Vermont-- once again, a tiny State, but we have the State government involved with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the regional center manager, and actually I presume you would certainly call it the owner of the regional center, has actually been an incredible benefit.