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However the legislation states you have reached invest for 2 years which is all. Second, at one of the stakeholders meetings put on by USCIS, I asked an inquiry: Have you done any study on just how much cash stays past the 2 years? And the response was no


Thank you, Mr. Chairman. Allow me just ask, Mr. Divine, you hear this objection that the cash only has actually to remain spent for 2 years. Mr. Divine.






It is none easier always than when it remained in the problems that caused the foreign financiers being the finest choice for financing the thing to begin with. But, hey, if it is a successful project, it earns money, and it can be marketed, I do not see any type of reason that the project must not be able to be marketed and for the financier to be able to recognize the return of his financial investment, maybe get on his financial investment, just like every various other capitalist.

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If you have a project that is moneyed straight via the Immigrant Financier Program and it is thought to be employing undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I suggest, I think what we need to recognize also is that the case that is being pointed out as proof that occasionally these jobs have employed an unauthorized worker is one in which USCIS did some kind of checking and determined that the employee was not accredited and stopped it.


Chairman Leahy. But that would be the exact same with any type of firm. Mr. Divine. Each of these companies is needed to complete the I-9 type, however USCIS goes an action further and does a check of some kind that caused the situation that has been stated. Chairman Leahy. I am not a witness below, yet I am so struck by Mr.


I imply, I advise that all of you in fact-- Mr. North, in your instance, get out from inside the Beltway and increase there and speak with some of these people. For one point, you do not have way too many illegal aliens that quite have the Vermont accent you hear around there, particularly when they talk regarding their grandparents that live there, and parents and so on.


They will certainly say, "We have got about nine of us here, and we have actually been below given that 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien could be saying. I assume Mr. Stenger would certainly say that one of his British investors was thinking, "Are we all speaking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former agency official. What does it do if Congress maintains meeting a final reauthorization? In this instance it would be, I believe, September of next year, September of 2012. What does that do to an agency attempting to administer a program if Congress waits until the last couple of days to reauthorize it? What is the useful impact? Mr.

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I mean, the company essentially is-- USCIS is a fee-funded firm, so it is basically kind of running a business and needs to cover its costs with the revenue that is created. To run this program correctly, USCIS needs to staff up in a big method, taking care of the volume that is currently there and expecting the boosted quantity of more financial investment as we obtain even near to half of the 10,000 visas that are available in this group.

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I suggest, that has got to seem like a contrasting situation, and you would envision 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 certain they think and wish that the program will be reauthorized for check here the benefit of the Nation.


And is that truly where they are going to be able to spend their time and resources in trying to clean up the guidelines of this program to ensure that everyone understands whether they can certify or otherwise and which type of jobs are going to qualify and so forth? We need that consistently.


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