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The law claims 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 a question: Have you done any research on how much money stays past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would certainly such as to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the money only has actually to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If money gets put into a hotel, as I was beginning to explain earlier, the programmer of that task would certainly need to be able to discover somebody to buy the hotel or would certainly need to have the ability to find somebody to refinance it with various other cash.






It is none simpler always than when it was in the problems that brought about the foreign investors being the ideal choice for funding things in the first location. But, hi there, if it is an effective job, it earns money, and it can be marketed, I do not see any type of factor why the job must not be able to be marketed and for the investor to be able to understand the return of his investment, perhaps gain on his financial investment, similar to every various other investor.

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If you have a task that is moneyed straight through the Immigrant Investor Program and it is thought to be using undocumented employees, Immigration and Traditions Enforcement could explore the employer, could they not? Mr. Divine. They could. I mean, I think what we require to recognize also is that the instance that is being mentioned as evidence that often these jobs have employed an unauthorized employee is one in which USCIS did some sort of monitoring and identified that the employee was not licensed and stopped it.


Mr. Divine. Every one of these employers is needed to finish the I-9 form, however USCIS goes a step better and does a check of some kind that led to the Bonuses case that has been stated. I am not a witness right here, but I am so struck by Mr.

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I mean, Imply recommend that advise of you actually-- Mr. North, in your case, get out obtain inside the Click Here Beltway and go up there and talk with chat of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in firm isImpact USCIS is a fee-funded agency, firm it is essentially kind of running a business and has to cover its expenses with costs income that earnings generated. To run this program correctly, USCIS requires to staff up in a big method, dealing with the volume that is currently there and anticipating the boosted volume of even more investment as we obtain also close to half of the 10,000 visas that are readily available in this classification.

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I indicate, that has actually reached seem like a clashing scenario, and you would certainly envision that it is mosting likely to hold somebody back. Now, I am not saying that they are holding look at these guys back, and I understand that they are attempting to staff up because I am sure they think and hope that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are going to be able to invest their time and resources in attempting to improve the rules of this program so that everybody knows whether they can qualify or not and which kinds of projects are going to qualify and so forth? We need that consistently.


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