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The law says you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any type of research study on just how much cash remains past the 2 years? And the response was no


Legislator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Definitely. Allow me simply ask, Mr. Divine, you hear this criticism that the money only needs to remain invested for 2 years. Has that been your experience? Mr. Divine. If money obtains placed right into a resort, as I was beginning to describe earlier, the designer of that job would have to be able to locate someone to get the hotel or would have to be able to find someone to re-finance it with other cash.

It is none less complicated always than when it was in the problems that resulted in the international financiers being the very best alternative for financing the point to begin with. But, hi there, if it is a successful project, it earns money, and it can be sold, I do not see any kind of reason that the task ought to not have the ability to be sold and for the capitalist to be able to realize the return of his financial investment, maybe obtain on his investment, much like every other financier.

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If you have a job that is funded directly via the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could explore the company, could they not? Mr. Divine. They could. I imply, I think what we require to recognize also is that the instance that is being pointed out as proof that often these projects have actually employed an unauthorized employee is one my blog in which USCIS did some kind of monitoring and figured out that the worker was not accredited and stopped it.


Mr. Divine. Every one of these employers is called for to finish the I-9 form, but USCIS goes a step better and does a check of some kind that led to the case that has been pointed out. I am not a witness below, but I am so struck by Mr.

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

Mr.

I asked Mr. Stenger this. Mr.


I mean, suggest agency in company is-- USCIS is check out this site a fee-funded agency, company it is essentially kind of running a business and organization to cover its expenses with costs income that is generated. To run this program appropriately, USCIS needs to staff up in a large way, dealing with the quantity that is already there and preparing for the enhanced quantity of more financial investment as we get also close to half of the 10,000 visas that are readily available in this category.

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I indicate, that has actually got to feel like a clashing scenario, and you would think of that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I understand that they are attempting to staff up due to the fact that I make certain they believe and really hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and sources in attempting to clear up the rules of this program to ensure that everybody understands whether they can qualify or otherwise and which type of jobs are mosting likely to certify etc? We require that consistently.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State government entailed with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center administrator, and actually I guess you try this site would certainly call it the proprietor of the local facility, has been a remarkable benefit.