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But the law says you have actually reached invest for 2 years which is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any kind of research study on just how much money remains past the 2 years? And the solution was no

Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this objection that the cash only has to remain invested for 2 years. Mr. Divine.




It is none less complicated always than when it was in the problems that brought about the foreign investors being the ideal choice for funding things to begin with. However, hey, if it is an effective project, it generates income, and it can be sold, I do not see any reason the project must not be able to be offered and for the investor to be able to understand the return of his financial investment, maybe acquire on his financial investment, similar to every various other capitalist.

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If you have a job that is funded directly with the Immigrant Investor Program and it is thought to be using undocumented employees, Migration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I mean, I think what we need to realize additionally is that the case that is being mentioned as proof that sometimes these tasks have employed an unauthorized employee is one in which USCIS did some kind of monitoring and identified that the employee was not authorized and quit it.

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

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I mean, I recommend that all of you actually-- In fact North, in your case, instance out from inside the Beltway and go up there and EB5 Regional Center Program talk with some of these people.

They will certainly state, "We have obtained concerning 9 of us here, and we have been below since 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal immigrant may be saying. I believe Mr. Stenger would certainly state that one of his British capitalists was thinking, "Are we all speaking the very same language here?" Mr.

I asked Mr. Stenger this. Let me ask you what your experience is as a previous agency official. What does it do if Congress maintains tasting a last-minute reauthorization? In this situation it would certainly be, I think, September of next year, September of 2012. What does that do to a firm attempting to administer a program if Congress waits until the last few days to reauthorize it? What is the sensible effect? Mr.

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I mean, the agency effectively is-- USCIS is a fee-funded company, so it is essentially kind of running a company and needs to cover its costs with the earnings that is produced. To run this program properly, USCIS needs to staff up in a big method, managing the quantity that is currently there and preparing for the boosted volume of more financial investment as we get back at near to half of the 10,000 visas that are available in this classification.

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I mean, that has reached really feel like a contrasting situation, and you would imagine that it is going to hold somebody back. Now, I am not saying that they are holding back, and I understand that they are trying to staff up because I make certain they think and wish that the program will be reauthorized for the advantage of the Country.

And is that actually where they are going to have the ability to spend their time and resources in attempting to clear the guidelines of this program to make sure that everyone understands whether they can qualify or not and which type of jobs are mosting likely to qualify and so forth? We require that continuously.

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

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