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But the regulation states you have actually reached invest for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research on exactly how much money remains past the 2 years? And the solution was no


Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this objection that the money just has actually to continue to be invested for 2 years. Mr. Divine.






It is none less complicated necessarily than when it remained in the problems that caused the foreign capitalists being the very best choice for financing the point to begin with. Yet, hello, if it is an effective project, it generates income, and it can be marketed, I do not see any type of reason the job ought to not have the ability to be marketed and for the investor to be able to recognize the return of his financial investment, maybe acquire on his financial investment, simply like every various other financier.

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If you have a job that is moneyed straight via the Immigrant Investor Program and it is believed to be utilizing undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I suggest, I think what we need to understand also is that the case that is being pointed out as evidence that sometimes these projects have worked with an unapproved employee is one in which USCIS did some sort of monitoring and identified that the worker was not licensed and stopped it.


Chairman Leahy. That would be the very same with any type of business. Mr. Divine. Each of these companies is called for to complete the I-9 kind, but USCIS goes an action additionally and does a check of some kind that caused the instance that has been pointed out. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I mean, I advise that all of you in fact-- Mr. North, in your situation, get out from inside the Beltway and go up there and speak with a few of these individuals. For one thing, you do not have a lot of prohibited immigrants that rather have the Vermont accent you hear around there, especially when they chat concerning their grandparents who live there, and parents and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in firm is-- USCIS is a fee-funded agency, company it is essentially kind basically running a business and organization to cover its expenses with the income that earnings generated. To run this program properly, USCIS requires to staff up in a large way, dealing with the quantity that is already there and preparing for the enhanced volume of even more financial investment as we get also close to fifty percent of the 10,000 visas that are offered in more info this group.

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I mean, that has actually got to seem like a conflicting scenario, and you would certainly imagine that it is mosting likely to hold someone back. Now, I am not claiming that they are keeping back, and I know that they are trying to staff up because I am sure they believe and really hope that the program will be reauthorized for the advantage of the Country.


And is that actually where they are mosting likely to have the ability to spend their time and sources in attempting to remove up the policies of this program to make sure that everybody knows whether they can qualify or not and which kinds of projects are mosting likely to certify etc? We require that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a little State, however we have the State government included with the Vermont Regional Center. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility manager, and in fact I guess you would call it the owner of the regional center, has actually been a tremendous advantage.