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


Senator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Certainly. Allow me just ask, Mr. Divine, you hear this objection that the cash only needs to remain spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a resort, as I was beginning to discuss earlier, the programmer of that task would certainly have to have the ability to locate someone to acquire the resort or would have to be able to locate somebody to re-finance it with various other money.






It is none less complicated always than when it was in the conditions that brought about the international financiers being the most effective option for financing the important things in the very first location. However, hello, if it is an effective project, it generates income, and it can be offered, I do not see any reason the task need to not have the ability to be sold and for the capitalist to be able to realize the return of his investment, possibly obtain on his financial investment, just like every various other capitalist.

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If you have a project that is funded straight through the Immigrant Investor Program and it is thought to be utilizing undocumented employees, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


Chairman Leahy. But that would be the same with helpful site any firm. Mr. Divine. Each of these companies is called for to complete the I-9 type, however USCIS goes an action further and does a check of some kind that brought about the instance that has been discussed. Chairman Leahy. I am not a witness right here, however I am so struck by Mr.


I mean, I recommend that all of you actually-- Mr. North, in your situation, go out from inside the Beltway and rise there and speak with several of these people. For one thing, you do not have too many illegal aliens that quite have the Vermont accent you hear around there, especially when they talk regarding their grandparents who live there, and parents and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in effect is-- 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 means, dealing with the quantity that is currently there and expecting the raised volume of even more investment as we obtain even close to half of the 10,000 visas that are readily available in this group.

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I suggest, that has reached really look at here feel like a conflicting situation, and you would envision that it is mosting go to this site likely to hold someone back. Currently, I am not stating that they are keeping back, and I recognize that they are trying to staff up due to the fact that I make sure they believe and hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to be able to invest their time and resources in attempting to improve the rules of this program to ensure that everybody understands whether they can certify or otherwise and which sort of tasks are mosting likely to qualify and so forth? We require that continuously.


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