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But the law says you have actually obtained to spend for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any kind of research study on exactly how much cash remains beyond the 2 years? And the solution was no


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






It is not any kind of less complicated always than when it remained in the conditions that led to the foreign investors being the best option for funding the point in the initial area. Yet, hi, if it is an effective project, it makes cash, and it can be offered, I do not see any factor why the job should not be able to be marketed and for the investor to be able to realize the return of his investment, possibly get on his financial investment, simply like every other investor.

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If you have a task that is funded straight via the Immigrant Capitalist Program and it is believed to be utilizing undocumented employees, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I mean, I assume what we need to recognize likewise is that the instance that is being mentioned as proof that in some cases these jobs have actually hired an unapproved worker is one in which USCIS did some sort of monitoring and established that the employee was not licensed and quit it.


Mr. Divine. Every one of these companies is needed to complete the I-9 type, yet USCIS goes a step additionally and does a check of some kind that led to the situation that has been mentioned. I am not a witness here, however I am so struck by Mr.

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


They will say, "We have actually obtained about 9 of us right here, and we have been right here because 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not quite what a prohibited immigrant may be claiming. As a matter of fact, I think Mr. Stenger would certainly state that one of his British investors was believing, "Are we all talking the 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 meeting a final reauthorization? In this instance it would certainly be, I think, September of next year, September of 2012. What does that do to a firm trying to carry out a program if Congress waits up until the last couple of days to reauthorize it? What is the practical result? Mr.

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I imply, the agency in effect is-- USCIS is a fee-funded firm, so it is basically sort of running a business and has to cover EB5 Regional Center Program its expenditures with the income that is produced. To run this program correctly, USCIS requires to staff up in a big method, taking care of the quantity that is already there and anticipating the raised volume of even more investment as we obtain also near to fifty percent of the 10,000 visas that are offered in this classification.

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I suggest, that has actually reached really feel like a contrasting scenario, and you would envision that it is going to hold somebody back. Currently, I am not saying that they are keeping back, and I recognize that they are attempting to staff up due to the fact that I make certain they believe and wish that the program will be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to be able to invest their time and resources in attempting to get rid of up the rules of this program to make sure that everyone knows whether they can certify or otherwise and which kinds of tasks are going to certify and so forth? We need that continuously.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a small State, yet we have the State federal government involved with the Vermont Regional Center. Does that include benefits to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the local facility administrator, and in fact I think you would certainly call it the owner of the regional center, has been a tremendous benefit.