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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 a concern: Have you done any kind of study on how much money remains past the 2 years? And the response was no


Senator Grassley. Thank you, Mr. Chairman. I would love to have a second round. Chairman Leahy. Definitely. Let me just ask, Mr. Divine, you hear this objection that the cash only has actually to remain invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a hotel, as I was starting to discuss earlier, the programmer of that task would certainly have to have the ability to discover somebody to get the resort or would certainly need to be able to discover someone to re-finance it with various other cash.

It is not any kind of easier always than when it remained in the problems that resulted in the foreign capitalists being the most effective choice for funding the important things to begin with. Hi there, if it is a successful project, it makes cash, and it can be offered, I do not see any kind of factor why the job should not be able to be sold and for the investor to be able to recognize the return of his financial investment, perhaps obtain on his investment, simply like every other financier.

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If you have a job that is funded straight via the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I think what we require to recognize additionally is that the situation that is being mentioned as evidence that occasionally these tasks have hired an unauthorized worker is one in which USCIS did some sort of checking and determined that the worker was not licensed and quit it.


Chairman Leahy. Yet that would certainly coincide with any type of business. Mr. Divine. Every one of these employers is called for to finish the I-9 form, yet USCIS goes a step better and does a check of some kind that resulted in the case that has actually been mentioned. Chairman Leahy. I am not a witness below, however I am so struck by Mr.


I indicate, I advise that every one of you really-- Mr. North, in your instance, venture out from inside the Beltway and go up there and talk with several of these individuals. For something, you do not have as well numerous illegal immigrants who rather have the Vermont accent you hear around there, particularly when they speak about their grandparents that live there, and parents and more.

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 of running a business and company to cover its expenses with costs income that earnings generated. To run this program appropriately, USCIS requires to staff up in a large way, dealing with the quantity that is currently there and preparing for the enhanced volume of even more financial investment as we get even close to half of the 10,000 visas that are readily available in this category.

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I suggest, that has actually reached seem like a contrasting circumstance, and you would think of that it is read more mosting likely to hold somebody back. Currently, I am not saying that they are holding back, and I recognize that they are trying to staff up since I make certain they think and hope that the program will be reauthorized for the benefit of the Country.


And is that really where they are mosting likely to be able to invest their time and sources in trying to remove up the policies of this program to ensure that everyone recognizes whether they can qualify or not and which type of tasks are going to qualify and so forth? We require that continuously.


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