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Yet the regulation says you have actually obtained to invest for 2 years which is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a concern: Have you done any research study on just how much money stays past the 2 years? And the response was no


Legislator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Let me simply ask, Mr. Divine, you hear this criticism that the money only has to stay invested for 2 years. Has that been your experience? Mr. Divine. If cash gets taken into a resort, as I was beginning to discuss earlier, the programmer of that project would have to have the ability to discover somebody to purchase the hotel or would need to be able to find somebody to re-finance it with various other money.






It is not any kind of simpler always than when it remained in the conditions that caused the foreign investors being the ideal option for funding the point in the initial area. However, hi there, if it is a successful job, it generates income, and it can be marketed, I do not see any kind of reason why the job should not be able to be sold and for the capitalist to be able to recognize the return of his financial investment, possibly get on his investment, similar to every various other financier.

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If you have a project that is funded directly through the Immigrant Investor Program and it is thought to be employing undocumented workers, Immigration and Traditions Enforcement could examine the employer, could they not? Mr. Divine. They could. I imply, I think what we need to realize likewise is that the instance that is being mentioned as proof that often these projects have actually worked with an unapproved worker is one in which USCIS did some kind of monitoring and established that the employee was not accredited and quit it.


Chairman Leahy. However that would coincide with any company. Mr. Divine. Every one of these companies is required to complete the I-9 form, yet USCIS goes a step additionally and does a check of some kind that brought about the case that has actually been mentioned. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I indicate, I suggest that all of you really-- Mr. North, in your case, go out from inside the Beltway and increase there and chat with a few of these people. For something, you do not have way too many illegal aliens that fairly have the Vermont accent you listen to around there, particularly when they speak about their grandparents that live there, and moms and dads and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in effect is-- USCIS is a fee-funded agency, so it is essentially kind basically running a business and organization to cover its expenses with expenditures income that revenue generated. To run this program correctly, USCIS requires to staff up in a big way, dealing with the volume that is already there and anticipating the boosted quantity of even more investment as we obtain even close to fifty percent of the 10,000 visas that are available in this classification.

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I imply, that has actually got to seem like a conflicting circumstance, and you would certainly picture that it is mosting likely to hold someone back. Now, I am not claiming that they are keeping back, and I recognize that they are trying to staff up since I make certain they believe and wish that the program will certainly be reauthorized for the benefit of the Country.


And is that truly where they are mosting likely to be able to spend their time and resources in trying to remove up the rules of this program so that everyone understands whether they can certify more info or otherwise and which sort of projects are going to certify and so forth? We require that continuously.


And, Mr. Stenger, we in Vermont-- once more, a little State, but we have the State government involved with the Vermont Regional. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility manager, and in fact I guess you would certainly call it the owner of the local center, has actually been a significant advantage.