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However the law states you have actually reached spend 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 cash stays past the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the money just has actually to stay spent for 2 years. Mr. Divine.






It is none easier always than when it was in the problems that caused the foreign capitalists being the finest alternative for funding the point to begin with. Hi, if it is an effective project, it makes money, and it can be marketed, I do not see any reason why the task ought to not be able to be offered and for the investor to be able to understand the return of his investment, perhaps gain on his investment, simply like every other financier.


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If you have a project that is moneyed straight through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Immigration and Customs Enforcement could check out the employer, could they not? Mr. Divine.


Chairman Leahy. That would certainly be the exact same with any kind of business. Mr. Divine. Each of these employers is required to finish the I-9 form, however USCIS goes an action even more and does a check of some kind that led to the situation that has actually been discussed. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I imply, I advise that all of you in fact-- Mr. North, in your situation, go out from inside the Beltway and go up there and speak with several of these people. For one thing, you do not have way too many illegal aliens who rather have the Vermont accent you listen to around there, particularly when they discuss their grandparents that live there, and moms and dads and so on.


EB5 Regional Center ProgramEB5 Regional Center Program
They will certainly state, "We have actually got about 9 people right here, and we have been below given that 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal immigrant could be saying. I assume Mr. Stenger would state that one of his British investors was believing, "Are we all talking the 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 final reauthorization? In this situation it would be, I assume, September of following year, September of 2012. What does that do to an agency attempting to provide a program if Congress waits until the last few days to reauthorize it? What is the functional impact? Mr.


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I mean, the company essentially is-- USCIS is a fee-funded firm, so it is basically sort of running a company and has to cover its expenditures with the revenue that is generated. To run this program appropriately, USCIS needs to staff up in a large way, managing the volume that is already there and expecting the increased volume of more financial investment as we get even near to half of the 10,000 visas that are available in this category.


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I more info indicate, that has actually got to feel like a clashing situation, and you would visualize that it is going to hold somebody back. Now, I am not claiming that they are holding back, and I know that they are trying to staff up because I am certain they believe and really 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 spend their time and sources in trying to clean up the policies of this program so that everybody understands whether they can qualify or otherwise and which kinds of projects are going to certify etc? We require that consistently.


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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