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The law says you have actually got to spend for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any type of research study on just how much money stays beyond the 2 years? And the answer was no


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






It is not any kind of less complicated always than when it remained in the problems that led to the international capitalists being the best alternative for financing things in the initial area. But, hi there, if it is an effective job, it makes cash, and it can be offered, I do not see any type of reason the project need to not have the ability to be marketed and for the capitalist to be able to understand the return of his financial investment, maybe acquire on his investment, simply like every other financier.

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If you have a task that is moneyed directly with the Immigrant Financier Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could examine the company, could they not? Mr. Divine. They could. I indicate, I believe what we need to understand likewise is that the case that is being pointed out as evidence that in some cases these jobs have hired an unapproved worker is one in which USCIS did some type of checking and identified that the employee was not authorized and stopped it.


Mr. Divine. Every one of these companies is required to complete the I-9 kind, yet USCIS goes a step additionally and does a check of some kind that led to the instance that has been mentioned. I am not a witness right here, yet I am so struck by Mr.

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I mean, Indicate recommend that all of you actually-- In fact North, in your case, instance out from inside the Beltway and go up there and talk with chat of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in effect is-- USCIS is a fee-funded agency, company it is essentially kind basically running a business and has to cover its expenses with expenditures income that is generated. To run this program properly, USCIS needs EB5 Regional Center Program to staff up in a large way, dealing with the volume that is already there and preparing for the raised volume of more financial investment as we get even close to fifty percent of the 10,000 visas that are available in this category.

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I suggest, that has got to seem like a contrasting situation, and you would certainly think of that it is going to hold someone back. Currently, I am not claiming that they are keeping back, and I recognize that they are attempting to staff up because I make sure they believe and hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to have the ability to spend their time and resources in attempting to clean up the guidelines of this program to make sure that everyone understands whether they can certify or not and which sort of tasks are going to qualify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a little State, yet we have the State federal government included with the Vermont Regional Center. Does that include advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the regional facility manager, and in fact I think you would call it the proprietor of the regional facility, has actually been a tremendous benefit.