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But the regulation claims you have reached spend for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any kind of research on exactly how much cash stays past the 2 years? And the answer was no

Legislator Grassley. Thank you, Mr. Chairman. I want to have a 2nd round. Chairman Leahy. . Let me simply ask, Mr. Divine, you hear this objection that the cash just has 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 starting to explain earlier, the programmer of that job would certainly need to be able to find someone to buy the resort or would have to have the ability to find someone to re-finance it with various other cash.




It is not any simpler necessarily than when it was in the problems that caused the foreign capitalists being the ideal option for financing the point to begin with. Yet, hi, if it is an effective task, it generates income, and it can be sold, I do not see any type of reason why the project must not have the ability to be sold and for the capitalist to be able to realize the return of his financial investment, maybe acquire on his investment, just like every other financier.

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If you have a project that is funded straight with the Immigrant Investor Program and it is believed to be utilizing undocumented workers, Migration and Traditions Enforcement could explore the employer, could they not? Mr. Divine.

Mr. Divine. Every one of these companies is needed to finish the I-9 form, yet USCIS goes a step even more and does a check of some kind that led to the situation that has been stated. I am not a witness below, yet I am so struck by Mr.

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I mean, Suggest recommend that advise of you actually-- In fact North, in your case, get out obtain inside the Beltway and go up there and talk with chat of these people.

Mr.

I asked Mr. Stenger this. Mr.

I mean, indicate agency in company isImpact USCIS is a fee-funded agency, so it is essentially kind of running a business and organization to cover its expenses with costs income that revenue generated. To run this program appropriately, USCIS needs to staff up in a big way, dealing with the quantity that is already there and expecting the raised her response volume of more investment as we obtain even close to half of the 10,000 visas that are available in this category.

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I indicate, that has obtained to seem like a contrasting situation, and you would certainly imagine that it is going to hold someone back. Now, I am not stating that they are keeping back, and I know that they are attempting to staff up due to the fact that I am sure they think and really hope that the program will be reauthorized for the advantage of the Nation.

And is that truly where they are going to have the ability to invest their time and resources in attempting to clear up the regulations of this program to make sure that everybody recognizes whether they can qualify or otherwise and which kinds of jobs are mosting likely to certify and so forth? We require that constantly.

And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, but we have the State federal government involved with the Vermont Regional Center. Does that add advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is other the local facility administrator, and actually I guess you would certainly call it the owner of the regional center, has actually been a significant benefit.

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