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The legislation says you have actually obtained to spend for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any type of research on just how much money remains beyond the 2 years? And the response was no


Senator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Definitely. Allow me just ask, Mr. Divine, you hear this objection that the money only needs to stay spent for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a resort, as I was beginning to clarify earlier, the developer of that job would have to have the ability to discover someone to buy the resort or would certainly have to be able to find somebody to re-finance it with various other cash.






It is not any kind of less complicated always than when it was in the problems that resulted in the international investors being the most effective alternative for financing the important things to begin with. But, hello, if it is a successful job, it generates income, and it can be marketed, I do not see any type of reason the job need to not have the ability to be sold and for the investor to be able to realize the return of his financial investment, maybe get on his investment, much like every various other investor.

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If you have a project that is moneyed straight with the Immigrant Capitalist 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 assume what we require to understand likewise is that the instance that is being cited as proof that often these jobs have hired an unapproved employee is one in which USCIS did some type of checking look these up and figured out that the employee was not authorized and quit it.


Chairman Leahy. That would be the same with any kind of firm. Mr. Divine. Each of these employers is required to complete the I-9 type, but USCIS goes a step better and does a check of some kind that brought about the situation that has actually been stated. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I suggest, I suggest that all of you in fact-- Mr. North, in your instance, get out from inside the Beltway and increase there and talk with some of these people. For one point, you do not have a lot of prohibited immigrants who quite have the Vermont accent you listen to around there, especially when they speak about their grandparents who live there, and moms and dads and more.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in company is-- USCIS is a fee-funded agency, so it is essentially kind of running a business and find company to cover its expenses with costs income that is generated. To run this program correctly, USCIS needs to staff up in a large method, dealing with the quantity that is already there and preparing for the increased quantity of more financial investment as we obtain also close to half of the 10,000 visas that are offered in this classification.

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I imply, that has got to really feel like a clashing circumstance, and you would certainly imagine that it is going to hold someone back. Now, I am not claiming that they are keeping back, and I recognize that they are attempting to staff up since I make certain they believe and wish that the program will certainly be reauthorized for the benefit of the Nation.


And is that really where they are mosting likely to have the ability to spend their time and resources in attempting to improve the regulations of this program to make sure that everybody understands whether they can qualify or not and which my explanation type of projects are going to certify and so forth? We need that constantly.


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