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However the law states you have actually got to invest for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any type of research study on how much cash remains past the 2 years? And the response was no


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






It is none much easier always than when it remained in the problems that caused the international investors being the best option for funding the thing to begin with. Hi there, if it is an effective task, it makes money, and it can be marketed, I do not see any factor why the task must not be able to be offered and for the financier to be able to realize the return of his financial investment, perhaps gain on his investment, simply like every other investor.

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If you have a job that is funded straight via the Immigrant Capitalist Program and it is thought to be utilizing undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I suggest, I believe what we require to recognize also is that the situation that is being cited as proof that often these projects have worked with an unauthorized worker is one in which USCIS did some sort of monitoring and identified that the employee was not authorized and quit it.


Chairman Leahy. Yet that would be the very same with any kind of company. Mr. Divine. Each of these employers is called for to finish the I-9 type, however USCIS goes a step further and does a check of some kind that led to the instance that has been pointed out. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I suggest, I advise that every one of you actually-- Mr. North, in your instance, go out from inside the Beltway and increase there and talk with several of these individuals. For one point, you do not have a lot of illegal aliens that rather have the Vermont accent you listen to around there, particularly when they chat concerning their grandparents who live there, and parents and more.


They will certainly say, "We have actually obtained concerning nine people right here, and we have been below considering that 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal alien could be saying. As a matter of fact, I think Mr. Stenger would claim that one of his British financiers was thinking, "Are we all speaking the very same language right here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous firm official. What does it do if Congress maintains running up against a last-minute reauthorization? In this instance it would be, I think, September of following year, September of 2012. What does that do to a company trying to carry out a program if Congress waits up until the last couple of days to reauthorize it? What is the practical impact? Mr.

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I imply, the firm in effect is-- USCIS is a fee-funded company, so it is basically type of running a business and has to cover its expenditures with the revenue that is created. To run this program appropriately, USCIS needs to staff up in a huge way, managing the quantity that is currently there and expecting the increased volume of even more investment as we get back at near fifty percent of the 10,000 visas that are readily available in this category.

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I mean, that has actually reached seem like a conflicting scenario, and you would certainly picture that it is going to hold somebody back. Currently, I am not stating that they are keeping back, and I recognize that they are attempting to staff up because I am sure they think and really hope that the program will certainly be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to invest their time and sources in attempting to clear the regulations of this program so that everybody recognizes whether they can qualify or otherwise and which kinds of projects are going to certify etc? We EB5 Regional Center Program need that constantly.


And, Mr. Stenger, we in Vermont-- once again, a small State, however we have the State government involved with the Vermont Regional. Does that include benefits to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local facility manager, and really I guess you would call it the owner of the local facility, has been an incredible benefit.