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The law states 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 concern: Have you done any type of study on just how much money remains past the 2 years? And the response was no

Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this objection that the cash just has actually to continue to be spent for 2 years. Mr. Divine.




It is none easier always than when it was in the conditions that brought about the international investors being the very best alternative for funding things to begin with. But, hi there, if it is an effective project, it generates income, and it can be marketed, I do not see any type of reason why the task must not be able to be marketed and for the capitalist to be able to recognize the return of his investment, maybe get on his investment, similar to every various other investor.

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If you have a task that is funded directly through the Immigrant Financier Program and it is thought to be using undocumented employees, Immigration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I indicate, I assume what we need to realize also is that the instance that is being cited as proof that occasionally these projects have hired an unapproved employee is one in which USCIS did some type of checking and established that the employee was not authorized and stopped it.

Mr. Divine. Every one of these employers is called for to complete the I-9 kind, but USCIS goes an action better and does a check of some kind that led to the case 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, Indicate recommend that all of you actually-- Really North, in your case, get out obtain inside the Beltway and go up there and talk with some of these people.

They will certainly say, "We have got regarding nine of us here, and we have been here because 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not quite what an illegal immigrant could be saying. I believe Mr. Stenger would say that one of his British financiers was thinking, "Are we all speaking the exact same language below?" Mr.

I asked Mr. Stenger this. Let me ask you what your experience is as a former agency official. What does it do if Congress keeps tasting a last-minute reauthorization? In this instance it would be, I believe, September of following year, September of 2012. What does that do to a company attempting to administer a program if Congress waits up until the last few days to reauthorize it? What is the functional result? Mr.

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I imply, the firm basically is-- USCIS is a fee-funded company, so it is basically sort of running a company and needs to cover its costs with the revenue that is created. To run this program correctly, USCIS needs to staff up in a huge means, dealing with the volume that is already there and expecting the boosted quantity of even more financial investment as we obtain also close to fifty percent of the 10,000 visas that are offered in this group.

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I indicate, that has obtained to seem like a clashing circumstance, and you would certainly imagine that it is mosting likely to hold somebody back. Currently, I am not stating that they are holding back, and I recognize 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 really where they are mosting likely to be able to invest their time and sources in trying to clean up the regulations of this program to ensure that everyone knows whether they can certify or otherwise and which kinds of jobs are going to qualify etc? We require website that continuously.

And, Mr. Stenger, we in Vermont-- once more, a small State, yet we have the State federal government involved with the Vermont Regional. Mr. Stenger.

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