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The legislation claims you have actually got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any type of study on how much cash stays past the 2 years? And the response was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the cash just has to continue to be invested for 2 years. Mr. Divine.






It is not any type of much easier necessarily than when it was in the conditions that led to the international investors being the best choice for funding the important things in the initial area. But, hi there, if it is a successful task, it earns money, and it can be marketed, I do not see any reason the task must not have the ability to be sold and for the financier to be able to realize the return of his financial investment, possibly gain on his investment, much like every other financier.

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If you have a project that is moneyed directly through the Immigrant Investor Program and it is believed to be utilizing undocumented workers, Immigration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Chairman Leahy. Yet that would be the same with any company. Mr. Divine. Each of these employers is needed to complete the I-9 kind, but USCIS goes a step better and does a check of some kind that brought about the more info case that has actually been pointed out. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I mean, I advise that all of you really-- Mr. North, in your case, go out from inside the Beltway and go up there and speak with some of these individuals. For one point, you do not have way too many illegal aliens who fairly have the Vermont accent you hear around there, particularly when they speak about their grandparents that live there, and parents and so on.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in firm is-- USCIS is a fee-funded agency, firm it is essentially kind of running a business and service to cover its expenses with costs income that revenue generated. To run this program correctly, USCIS needs to staff up in a huge way, dealing with the volume that is already there and anticipating the enhanced volume of even more investment as we get also close to fifty percent of the 10,000 visas that are offered in this group.

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I suggest, that has reached seem like a clashing situation, and you would visualize that it is going to hold someone back. Currently, I am not stating that they are holding back, and I understand that they are trying to staff up since I make certain they think and really hope that the program will be reauthorized for the advantage of the Country.


And is that really where they are mosting likely to be able to invest their time and sources in attempting to get rid of up the guidelines of this program to make sure that everyone knows whether they can certify or otherwise and which sort of tasks are mosting likely to qualify and so forth? We need that constantly.


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