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Yet the regulation says 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 a question: Have you done any research study on how much money stays 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 only has to remain spent for 2 years. Mr. Divine.






It is not any kind of easier always than when it was in the problems that brought about the international investors being the best alternative for financing the important things to begin with. Yet, hi, if it is a successful project, it earns money, and it can be sold, I do not see any kind of reason why the project must not be able to be offered and for the investor to be able to recognize the return of his investment, possibly gain on his financial investment, much like every various other investor.

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If you have a project that is moneyed straight through the Immigrant Investor Program and it is thought to be using undocumented workers, Immigration and Traditions Enforcement could check out the company, could they not? Mr. Divine. They could. I suggest, I assume what we need to realize additionally is that the situation that is being pointed out as proof that often these projects have actually employed an unauthorized worker is one in which USCIS did some kind of monitoring and determined that the worker was not authorized and quit it.


Chairman Leahy. That would certainly be the very same with any company. Mr. Divine. Each of these employers is called for to complete the I-9 kind, however USCIS goes an action additionally and does a check of some kind that caused the case that has been mentioned. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I indicate, I recommend that every one of you actually-- Mr. North, in your situation, go out from inside the Beltway and go up there and speak with some of these individuals. For something, you do not have as well several illegal aliens who quite have the Vermont accent you listen to around there, especially when they discuss their grandparents that live there, and parents and so on.


They will certainly state, "We have actually obtained regarding 9 of us here, and we have actually been here given that 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal alien may be stating. I assume Mr. Stenger would claim that one of his British financiers was assuming, "Are we all speaking the exact same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous company authorities. What does it do if Congress keeps running up versus a final reauthorization? In this situation it would certainly be, I think, September of following year, September of 2012. What does that do to a firm trying to provide a program if Congress waits until the last couple of days to reauthorize it? What is the practical effect? Mr.

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I suggest, the firm in effect is-- USCIS is a fee-funded company, so it is essentially type of running a business and has to cover its expenses with the income that is generated. To run this program properly, USCIS needs to staff up in a huge method, managing the volume that is currently there and preparing for the raised quantity of even more financial investment as we get back at near to fifty percent of the 10,000 visas that are offered in this classification.

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I imply, that has actually obtained to feel like a clashing scenario, and you would certainly think of that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I understand that they are attempting to staff up due to the fact that I make sure they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that really where they are going to be able to spend their click here time and resources in trying to clear the regulations of this program so that everybody knows whether they can qualify or not and which kinds of jobs are going to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- again, a small State, yet we have the State federal government entailed with the Vermont Regional. Does that add advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local facility administrator, and really I think you would call it the owner of the local center, has been a remarkable benefit.