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The regulation states you have got 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 concern: Have you done any research study on just how much money remains beyond the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this objection that the cash only has to remain spent for 2 years. Mr. Divine.






It is none less complicated necessarily than when it was in the conditions that caused the foreign capitalists being the very best option for financing things in the very first place. However, hello, if it is a successful project, it generates income, and it can be marketed, I do not see any kind of factor why the task ought to not have the ability to be marketed and for the capitalist to be able to realize the return of his investment, maybe obtain on his investment, similar to every various other investor.

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If you have a job that is moneyed directly with the Immigrant Financier Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


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

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I mean, I recommend that advise of you actually-- Really North, in your case, situation out obtain inside the Beltway and go up there and talk with speak of these people.


They will certainly claim, "We have obtained concerning 9 of us right here, and we have been right here because 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not quite what an illegal alien could be claiming. I assume Mr. Stenger would certainly claim that one of his British capitalists was assuming, "Are we all talking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous firm official. What does it do if Congress maintains running up versus a last-minute reauthorization? In this instance it would certainly be, I believe, September of next year, September of 2012. What does that do to an agency attempting to provide a program if Congress waits until the last few days to reauthorize it? What is the useful result? Mr.

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I imply, the agency basically is-- USCIS is a fee-funded company, so it is basically kind of running a company and needs to cover its costs with the income look at this now that is produced. To run this program correctly, USCIS needs to staff up in a huge way, dealing with the quantity that is currently there and anticipating the boosted quantity of more investment as we get also near to half of the 10,000 visas that are offered in this group.

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I suggest, that has actually got to more seem like a conflicting circumstance, and you would visualize that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I recognize that they are attempting to staff up due to the fact that I make certain they think and hope that the program will be reauthorized for the advantage of the Nation.


And is that really where they are going to have the ability to invest their time and resources in attempting to clear the regulations of this program to make sure that everybody knows whether they can qualify or not and which type of tasks are mosting likely to certify and so forth? We require that constantly.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a tiny State, but we have the State federal government included with the Vermont Regional Facility. Does that add benefits to Vermont's program? Mr. Stenger. The reality site here that the State of Vermont is the local facility manager, and really I presume you would certainly call it the owner of the regional facility, has actually been a tremendous advantage.