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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 question: Have you done any research on exactly how much cash remains past the 2 years? And the answer was no


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






It is not any much easier necessarily than when it remained in the conditions that resulted in the international financiers being the most effective alternative for financing the important things to begin with. Yet, hello, if it is a successful task, it generates income, and it can be marketed, I do not see any type of reason why the task ought to not be able to be marketed and for the financier to be able to realize the return of his financial investment, perhaps acquire on his financial investment, similar to every other capitalist.

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If you have a project that is moneyed directly through the Immigrant Investor Program and it is thought to be employing undocumented employees, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to finish the I-9 kind, but USCIS goes a step additionally and does a check of some kind that led to the instance that has been discussed. I am not a witness below, yet I am so struck by Mr.

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I mean, Indicate recommend that advise of you actually-- In fact North, in your case, situation out website obtain inside the Beltway and go up there and talk with speak of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in effect isResult USCIS is a fee-funded agency, so it is essentially kind basically running a business and service to cover its expenses with the income that revenue generated. To run this program properly, USCIS needs to staff up in a big method, dealing with the volume that is currently there and preparing for the enhanced quantity of even more investment as we get even close to half of the 10,000 visas that are readily available in this classification.

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I mean, that has obtained to really feel like a clashing situation, and you would think of that it is mosting likely to hold somebody back. Currently, I am not saying that they are keeping back, and I know that they are attempting to staff up because I make sure they believe and really hope that the program will be reauthorized for the advantage of the Nation.


And is that truly where they are mosting likely to be able to invest their time and resources in trying to clear the policies of this program so that everybody recognizes whether they can certify or otherwise and which type of tasks are mosting likely to certify and so forth? We need that continuously.


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