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The law says you have 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 a concern: Have you done any type of research study on exactly how much cash stays past the 2 years? And the solution was no


Legislator Grassley. Thank you, Mr. Chairman. I would like to have a second round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the cash only has actually to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash gets taken into a resort, as I was beginning to clarify earlier, the designer of that job would have to have the ability to find somebody to acquire the hotel or would certainly have to have the ability to find somebody to refinance it with other money.






It is none simpler always than when it was in the problems that led to the international capitalists being the very best option for financing things to begin with. Hi there, if it is an effective task, it makes cash, and it can be offered, I do not see any factor why the project should not be able to be marketed and for the financier to be able to recognize the return of his investment, possibly acquire on his financial investment, just like every various other financier.

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If you have a project that is funded directly through the Immigrant Capitalist Program and it is thought to be employing undocumented workers, Immigration and Traditions Enforcement could explore the employer, could they not? Mr. Divine. They could. I indicate, I believe what we require to recognize also is that the case that is being mentioned as evidence that in some cases these projects have actually employed an unauthorized worker is one in which USCIS did some type of checking and determined that the worker was not accredited and quit it.


Chairman Leahy. That would certainly be the exact same with any firm. Mr. Divine. Every one of these companies is required to finish the I-9 type, yet USCIS goes a step even more and does a check of some kind that brought about the instance that has been mentioned. Chairman Leahy. I am not a witness here, but I am so struck by Mr.


I here suggest, I suggest that all of you really-- Mr. North, in your instance, venture out from inside the Beltway and go up there and chat with some of these people. For one thing, you do not have as well lots of prohibited immigrants that rather have the Vermont accent you listen to around there, specifically when they discuss their grandparents that live there, and parents and so on.


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 service to cover its expenses with expenditures income that earnings generated. To run this program properly, USCIS needs to staff up in a large means, dealing with the volume that is already there and anticipating the enhanced quantity of more financial investment as we obtain also close to half of the 10,000 visas that are readily available in this group.

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I mean, that has actually reached feel like a contrasting scenario, and you would certainly visualize that it is mosting likely to hold somebody back. Currently, I am not claiming that they are keeping back, and I know that they are attempting to staff up due to the fact that I make certain they believe and hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that truly where they are going to be able to invest their time and resources in attempting to clear the guidelines of this program so that everyone knows whether they can certify or otherwise and which kinds of jobs are going to certify and so forth? We need that continually.


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