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Yet the law says you have reached invest for 2 years which is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any study on just how much money remains beyond the 2 years? And the solution was no


Legislator Grassley. Thank you, Mr. Chairman. I would like to have a second round. Chairman Leahy. Certainly. Let me just ask, Mr. Divine, you hear this criticism that the cash only needs to remain invested for 2 years. Has that been your experience? Mr. Divine. If money obtains placed into a hotel, as I was beginning to discuss earlier, the designer of that project would have to have the ability to discover someone to acquire the resort or would certainly need to have the ability to discover somebody to refinance it with other money.






It is none much easier necessarily than when it was in the conditions that brought about the foreign investors being the very best choice for financing the point in the very first place. Hello, if it is a successful project, it makes cash, and it can be marketed, I do not see any type of factor why the task ought to not be able to be marketed and for the investor to be able to recognize the return of his financial investment, perhaps gain on his financial investment, simply like every other financier.

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If you have a project that is moneyed straight with the Immigrant Investor Program and it is thought to be employing undocumented employees, Immigration and Traditions Enforcement could examine the employer, could they not? Mr. Divine.


Chairman Leahy. That would certainly be the very same with any firm. Mr. Divine. Every one of these companies is called for to complete the I-9 kind, however USCIS goes an action even more and does a check of some kind that led to the situation that has been mentioned. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I imply, I advise that all of you really-- Mr. North, in your instance, obtain out from inside the Beltway and rise there and speak with several of these individuals. For one thing, you do not have way too many illegal aliens that quite have the Vermont accent you hear around there, specifically when they discuss their grandparents that live there, and parents and so on.


They will certainly state, "We have actually got about 9 people here, and we have actually been here since 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal immigrant may be claiming. I think Mr. Stenger would certainly say that one of his British investors was believing, "Are we all talking the same language here?" 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 case it would certainly be, I think, September of following year, September of 2012. What does that do to an agency trying to carry out a program if Congress waits until the last few days to reauthorize it? What is the useful impact? Mr.

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I mean, the agency in impact is-- USCIS is a fee-funded company, so it is basically type of running a business and has to cover its costs with the earnings that is produced. To run click here this program properly, USCIS requires to staff up in a huge method, managing the quantity that is currently there and preparing for the raised quantity of even more investment as we get back at near fifty percent of the 10,000 visas that are offered in this classification.

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I mean, that has got to really feel like a contrasting situation, and you would visualize that it is going to hold somebody back. Now, I am not stating that they are keeping back, and I know that they are trying to staff up since I make certain they think and wish that the program will certainly be reauthorized for the advantage of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and sources in attempting to get rid of up the regulations of this program to make sure that everybody knows whether they can qualify or not and which type of jobs are mosting likely to qualify and so forth? We need that constantly.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State government entailed with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the regional facility manager, and really I think you would call it the owner of the local center, has been an incredible advantage.