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The regulation says you have actually obtained to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences put on by USCIS, I asked a question: Have you done any study on just how much money remains past the 2 years? And the response was no


Thank you, Mr. Chairman. Allow me just ask, Mr. Divine, you hear this objection that the cash only has to continue to be invested for 2 years. Mr. Divine.






It is not any kind of simpler necessarily than when it remained in the problems that caused the international financiers being the most effective choice for financing the important things to begin with. However, hi, if it is an effective project, it generates income, and it can be marketed, I do not see any reason why the project need to not have the ability to be sold and for the capitalist to be able to recognize the return of his financial investment, maybe gain on his financial investment, simply like every other investor.

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If you have a project that is moneyed straight through the Immigrant Capitalist Program and it is thought to be employing undocumented employees, Immigration and Traditions Enforcement could explore the employer, could they not? Mr. Divine. They could. I indicate, I believe what we need to recognize additionally is that the instance that is being cited as proof that occasionally these jobs have employed an unauthorized employee is one in which USCIS did some sort of checking and established that the employee was not licensed and quit it.


Chairman Leahy. But that would coincide with any kind of business. Mr. Divine. Every one of these companies is needed to complete the I-9 kind, but USCIS goes a step additionally and does a check of some kind that caused the case that has been pointed out. Chairman Leahy. I am not a witness right here, however I am so struck by Mr.


I mean, I suggest that all of you in fact-- look at here Mr. North, in your situation, get out from inside the Beltway and go up there and chat with some of these people. For something, you do not have as well several illegal aliens that quite have the Vermont accent you hear around there, especially when they speak about their grandparents that live there, and parents and more.


They will certainly claim, "We have actually obtained concerning nine people here, and we have been below since 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal immigrant could be stating. Actually, I assume Mr. Stenger would state that a person of his British investors was thinking, "Are all of us speaking the same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous company authorities. What does it do if Congress keeps tasting a final reauthorization? In this instance it would certainly be, I believe, September of next year, September of 2012. What does that do to a firm trying to administer a program if Congress waits till the last few days to reauthorize it? What is the useful result? Mr.

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I mean, the agency in impact important site is-- USCIS is a fee-funded company, so it is essentially kind of running a service and needs to cover its expenditures with the income that is generated. To run this program appropriately, USCIS requires to staff up in a huge method, taking care of the volume that is currently there and expecting the increased volume of even more investment as we get back at close to fifty percent of the 10,000 visas that are available in this category.

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I imply, that has reached really feel like a conflicting scenario, and you would visualize that it is going to hold somebody back. Now, I am not claiming that they are holding Our site back, and I know that they are trying to staff up because I make certain they believe and really hope that the program will be reauthorized for the benefit of the Country.


And is that actually where they are mosting likely to be able to invest their time and resources in trying to clear the policies of this program to make sure that everybody understands whether they can qualify or otherwise and which sort of tasks are going to qualify etc? We need that continually.


And, Mr. Stenger, we in Vermont-- once again, a little State, but we have the State federal government included with the Vermont Regional. Mr. Stenger.