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But the law claims you have actually obtained to invest for 2 years and that is all. Second, at one of the stakeholders conferences put on by USCIS, I asked an inquiry: Have you done any kind of research study on just how much money stays past the 2 years? And the solution was no


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






It is not any easier always than when it was in the problems that caused the foreign financiers being the very best option for financing things in the first area. Hey, if it is an effective job, it makes money, and it can be sold, I do not see any type of factor why the task should not be able to be sold and for the investor to be able to understand the return of his investment, maybe get on his investment, simply like every various other investor.

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If you have a job that is moneyed directly with the Immigrant Investor Program and it is thought to be using undocumented workers, Immigration and Traditions Enforcement could investigate the employer, could they not? Mr. Divine. They could. I mean, I think what we require to realize likewise is that the case that is being cited as proof that occasionally these projects have actually hired an unapproved employee is one in which USCIS did some sort of monitoring and figured out that the worker was not licensed and stopped it.


Mr. Divine. Every one of these companies is required to complete the I-9 type, yet USCIS goes an action even more and does a check of some kind that led to the instance that has actually been mentioned. I am not a witness below, yet I am so struck by Mr.

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I mean, I recommend that suggest of you actually-- Really North, in your case, situation out from inside the Beltway and go up there and talk with speak of these people.


They will certainly claim, "We have obtained regarding nine people right here, and we have actually been right here considering that 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien may be stating. Actually, I believe Mr. Stenger would certainly say that a person of his British capitalists was assuming, "Are most of us talking the very same language right here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous firm authorities. What does it do if Congress i was reading this keeps running up versus a last-minute reauthorization? In this case it would certainly be, I think, September of next year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last couple of days to reauthorize it? What is the functional impact? Mr.

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I mean, the firm basically is-- USCIS is a fee-funded company, so it is basically kind of running a service and needs to cover its expenses with the revenue that is generated. To run this program correctly, USCIS needs to staff up in a large way, dealing with the quantity that is already there and preparing for the boosted volume of even more investment as we get back at close to fifty percent of the 10,000 visas that are offered in this classification.

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I indicate, that has actually obtained to seem like a contrasting scenario, and you would picture that it is mosting likely to hold somebody back. Now, I am not saying that they are keeping back, and I know that they are attempting to staff up due to the fact that I am certain they believe and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that truly where they are going to be able to spend their time and resources in trying to clear the guidelines of this program to make sure that everybody recognizes whether they can certify or useful link not and which kinds of jobs are going to qualify and so forth? We need that constantly.


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