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The legislation claims you have actually obtained 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 question: Have you done any research on just how much money stays beyond the 2 years? And the answer was no


Senator Grassley. Thank you, Mr. Chairman. I want to have a second round. Chairman Leahy. Definitely. Let me just ask, Mr. Divine, you hear this objection that the cash only needs to remain invested for 2 years. Has that been your experience? Mr. Divine. If money gets placed right into a resort, as I was starting to describe earlier, the programmer of that job would have to be able to find someone to acquire the resort or would certainly have to be able to find someone to re-finance it with various other money.






It is none easier always than when it was in the problems that caused the international capitalists being the very best option for funding the thing to begin with. But, hi, if it is a successful task, it earns money, and it can be marketed, I do not see any type of reason that the job ought to not have the ability to be offered and for the capitalist to be able to recognize the return of his investment, perhaps obtain on his investment, much like every other capitalist.

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If you have a job that is funded straight through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


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

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I mean, Imply 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.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in company is-- USCIS is a fee-funded agency, firm it is essentially kind of running a business and has to cover its expenses with expenditures income that is generated. To anchor run this program appropriately, USCIS requires to staff up in a big means, dealing with the volume that is currently there and expecting the increased quantity of more financial investment as we get also close to half of the 10,000 visas that are readily available in this category.

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I suggest, that has got to really feel like a conflicting situation, and you would certainly picture that it over here is mosting likely to hold someone back. Now, I am not saying that they are keeping back, and I recognize that they are trying to staff up since I make certain they think and hope that the program will certainly be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to invest their time website link and sources in attempting to remove up the regulations of this program to ensure that everyone knows whether they can certify or not and which type of tasks are mosting likely to qualify and so forth? We require that continuously.


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