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The regulation says you have 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 kind of research on how much money stays beyond the 2 years? And the answer was no


Senator Grassley. Thank you, Mr. Chairman. I would like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the money only needs to remain spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains placed right into a resort, as I was starting to describe earlier, the designer of that job would have to be able to find someone to acquire the resort or would need to be able to find someone to re-finance it with various other money.






It is not any kind of less complicated always than when it was in the conditions that resulted in the international financiers being the very best option for funding things in the initial location. Hey, if it is an effective project, it makes cash, and it can be sold, I do not see any type of factor why the project need to not be able to be offered and for the capitalist to be able to realize the return of his financial investment, maybe get on his financial investment, simply like every various other financier.

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If you have a task that is moneyed directly through the Immigrant Capitalist Program and it is thought to be utilizing undocumented workers, Migration and Traditions Enforcement could check out the employer, could they not? Mr. Divine. They could. I mean, I assume what we require to recognize likewise is that the case that is being pointed out as evidence that in some cases these projects have actually worked with an unauthorized worker is one in which USCIS did some kind of monitoring and figured out that the worker was not authorized and quit it.


Chairman Leahy. That would certainly be the same with any kind of company. Mr. Divine. Each of these employers is called for to complete the I-9 kind, but USCIS goes an action even more and does a check of some kind that brought about the situation that has actually been pointed out. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I imply, I recommend that every one of you actually-- Mr. North, in your instance, obtain out from inside the Beltway and rise there and talk with some of these people. For one point, you do try these out not have a lot of prohibited immigrants who rather have the Vermont accent you listen to around there, especially when they speak concerning their grandparents who live there, and parents and more.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in effect isResult USCIS is a fee-funded agency, company it is essentially kind of running a business and organization to cover its expenses with costs income that is generated. To run this program appropriately, USCIS needs to staff up in a large way, dealing with the quantity that is already there and preparing for the enhanced quantity of more investment as we get also close to half of the 10,000 visas that are available in this group.

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I suggest, that has reached look at here now seem like a contrasting circumstance, and you would imagine that it is mosting likely to hold someone back. Now, I am not stating that they are holding back, and I recognize that they are trying to staff up because I am certain they believe and really hope that the program will certainly be reauthorized for the benefit of the Country.


And is that truly where they are mosting likely to be able to invest their time and resources in trying to clean up the policies of this program to make sure that everyone recognizes whether they can certify or otherwise and which sort of tasks are mosting likely to qualify etc? We require that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a small State, yet we have the State government included with the Vermont Regional Facility. Does that include benefits to Vermont's program? Mr. Stenger. The reality that the State of Extra resources Vermont is the local center manager, and in fact I guess you would call it the proprietor of the regional facility, has been an incredible benefit.