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The law says you have obtained to spend 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 question: Have you done any research on how much money remains past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would certainly like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this objection that the cash just needs to stay invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a hotel, as I was beginning to describe earlier, the designer of that job would need to have the ability to locate someone to purchase the hotel or would certainly need to have the ability to find somebody to re-finance it with other cash.

It is none easier always than when it was in the problems that resulted in the international financiers being the best alternative for financing the important things in the first area. Hello, if it is an effective project, it makes money, and it can be marketed, I do not see any reason why the task should not be able to be offered and for the capitalist to be able to realize the return of his investment, possibly gain on his investment, simply like every various other investor.

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If you have a job that is moneyed straight through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Migration and Customs Enforcement could explore the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is called for to complete the I-9 form, however USCIS goes an action further and does a check of some kind that led to the situation that has actually been stated. I am not a witness here, but I am so struck by Mr.

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I mean, Suggest recommend that all 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.

They will certainly say, "We have actually got concerning nine people here, and we have actually been right here because 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal alien could be saying. As a matter of fact, I believe Mr. Stenger would certainly state that one of his British financiers was thinking, "Are all of us talking the my site same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous agency official. What does it look at this web-site do if Congress maintains running up against 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 company attempting to administer a program if Congress waits up until the last couple of days to reauthorize it? What is the sensible effect? Mr.

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I indicate, the agency basically is-- USCIS is a fee-funded company, so it is essentially type of running an organization and needs to cover its expenditures with the revenue that is created. To run this program appropriately, USCIS requires to staff up in a large method, managing the quantity that is currently there Visit Your URL and expecting the enhanced volume of more investment as we get back at near to half of the 10,000 visas that are offered in this category.

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I indicate, that has reached feel like a clashing circumstance, and you would imagine that it is going to hold somebody back. Now, I am not stating that they are holding back, and I understand that they are attempting to staff up due to the fact that I am sure they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are going to have the ability to spend their time and sources in trying to remove up the policies of this program to make sure that everyone recognizes whether they can certify or otherwise and which type of jobs are going to qualify etc? We require that consistently.


And, Mr. Stenger, we in Vermont-- once again, a small State, but we have the State federal government included with the Vermont Regional. Mr. Stenger.