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However the legislation states you have actually got to invest for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any type of research study on just how much cash stays beyond the 2 years? And the solution was no


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






It is not any kind of simpler necessarily than when it remained in the conditions that led to the international capitalists being the very best choice for funding things in the initial area. Hey, if it is a successful task, it makes cash, and it can be sold, I do not see any type of factor why the project must not be able to be marketed and for the investor to be able to understand the return of his financial investment, maybe acquire on his financial investment, simply like every other capitalist.

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If you have a task that is moneyed directly through the Immigrant Investor Program and it is thought to be utilizing undocumented workers, Migration and Customs Enforcement could examine the company, could they not? Mr. Divine. They could. I indicate, I believe what we require to recognize also is that the instance that is being mentioned as evidence that in some cases these projects have actually hired an unapproved worker is one in which USCIS did some sort of checking and determined that the employee was not authorized and quit it.


Mr. Divine. Every one of these employers is needed to finish the I-9 form, however USCIS goes an action better and does a check of some kind that led to the situation that has been pointed out. I am not a witness below, but I am so struck by Mr.

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I mean, I recommend that all of you actually-- Mr. North, in your case, instance out obtain inside the Beltway and go up there and talk with speak of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in effect is-- USCIS is a fee-funded agency, firm it is essentially kind basically running a business and service to cover its expenses with the income that revenue generated. To run this look at here program correctly, USCIS needs to staff up in a large way, dealing with the quantity that is already there and expecting the see page increased quantity of even more investment as we get even close to fifty percent of the 10,000 visas that are available in this group.

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I indicate, that has actually got to really feel like a clashing scenario, and you would certainly think of that it is mosting likely to hold someone back. Currently, I am not saying that they are holding back, and I understand that they are attempting to staff up due to the fact that I make sure they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that really where they are going to be able to invest their time and resources in trying to clear the guidelines of this program to make sure that everyone recognizes whether they can find out this here certify or not and which kinds of projects are going to qualify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a small State, but we have the State federal government entailed with the Vermont Regional Facility. Does that add advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center administrator, and in fact I guess you would certainly call it the proprietor of the local center, has been a tremendous advantage.