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The legislation says you have got 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 research study on just how much money stays past the 2 years? And the response was no


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






It is not any kind of much easier always than when it remained in the problems that brought about the international investors being the ideal choice for funding the point to begin with. Hi, if it is an effective task, it makes cash, and it can be marketed, I do not see any reason why the project ought to not be able to be marketed and for the capitalist to be able to understand the return of his financial investment, possibly gain on his financial investment, just like every other capitalist.

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If you have a project that is funded straight through the Immigrant Capitalist Program and it is thought to be using undocumented employees, Immigration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I imply, I assume what we need to understand likewise is that the situation that is being pointed out as evidence that in some cases these projects have hired an unapproved employee is one in which USCIS did some kind of checking and determined that the worker was not licensed and quit it.


Mr. Divine. Every one of these companies is required to complete the I-9 type, yet USCIS goes a step additionally and does a check of some kind that led to the instance that has actually been pointed out. I am not a witness right here, but I am so struck by Mr.

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I mean, Indicate recommend that all of why not find out more you actually-- Mr. North, in your case, get out obtain inside the Beltway and go up there and talk with some of these people.


They will claim, "We have actually obtained regarding nine of us right here, and we have actually been right here since 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not fairly what an illegal alien might be claiming. As a matter of fact, I believe Mr. Stenger would certainly state that a person of his British investors was believing, "Are we all speaking the same language here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous company official. What does it do if Congress keeps running up against a final reauthorization? In this situation it official statement would be, I assume, September of following year, September of 2012. What does that do to an agency attempting to carry out a program if Congress waits until the last few days to reauthorize it? What is the functional effect? Mr.

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I mean, the firm essentially is-- USCIS is a fee-funded company, so it is essentially sort of running a company and has to cover its expenses with the earnings that is created. To run this program appropriately, USCIS needs to staff up in a large means, dealing click for more with the quantity that is currently there and expecting the enhanced quantity of more financial investment as we get even near to half of the 10,000 visas that are offered in this category.

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I indicate, that has actually reached seem like a clashing circumstance, and you would visualize that it is mosting likely to hold someone back. Currently, I am not claiming that they are keeping back, and I recognize that they are trying to staff up due to the fact that I am sure they believe and hope that the program will certainly be reauthorized for the benefit of the Country.


And is that truly where they are going to have the ability to invest their time and sources in trying to improve the policies of this program to make sure that everyone recognizes whether they can certify or not and which sort of projects are mosting likely to qualify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a little State, yet we have the State federal government involved with the Vermont Regional Facility. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local center manager, and in fact I presume you would certainly call it the proprietor of the regional facility, has actually been a tremendous benefit.