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Yet the regulation claims you have got to invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research study on just how much money stays beyond the 2 years? And the answer was no


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






It is not any type of much easier necessarily than when it remained in the conditions that led to the international financiers being the most effective option for funding the thing to begin with. But, hi, if it is a successful project, it earns money, and it can be sold, I do not see any kind of reason why the task must not be able to be marketed and for the financier to be able to understand the return of his investment, possibly get on his investment, much like every other capitalist.

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If you have a project that is moneyed straight with the Immigrant Investor Program and it is believed to be using undocumented employees, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I think what we need to understand likewise is that the case that is being pointed out as evidence that in some cases these projects have actually employed an unauthorized employee is one in which USCIS did some kind of checking and established that the employee was not authorized and quit it.


Mr. Divine. Every one of these employers is needed to finish the I-9 kind, but USCIS goes a step additionally and does a check of some kind that led to the instance that has been discussed. I am not a witness right here, yet 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 speak of these people.


They will claim, "We have got regarding nine people here, and we have actually been right here because 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not quite what a prohibited immigrant may be claiming. I believe Mr. Stenger would state that one of his British capitalists was believing, "Are we all talking the same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm authorities. What does it original site do if Congress keeps running up versus a last-minute reauthorization? In this situation it would certainly be, I think, September of next year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last few days to reauthorize it? What is the functional result? Mr.

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I indicate, the firm essentially is-- USCIS is a fee-funded firm, so it is basically kind of running an organization and needs to cover its costs with the income that is produced. To run this program properly, USCIS needs to staff up in a huge method, taking care of the quantity that is currently there and expecting the boosted quantity of more investment as we get also near fifty percent of the 10,000 visas that are readily available in this group.

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I suggest, that has reached seem like a clashing scenario, and you would certainly picture imp source that it is going to hold someone back. Currently, I am not claiming that they are keeping back, and I know that they are trying to staff up since I am certain they think and wish that the program will certainly be reauthorized for the benefit of the Nation.


And is that really where they are going to be able to invest their time and resources in trying to clean up the guidelines of this program so that everybody knows whether they can certify or not and which kinds of projects are going to qualify and so forth? We need that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a small State, but we have the State government involved with the Vermont Regional Center. review Does that include advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the regional center administrator, and actually I guess you would call it the proprietor of the local facility, has actually been a significant advantage.