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


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the money just has actually to continue to be invested for 2 years. Mr. Divine.






It is not any kind of easier necessarily than when it remained in the conditions that resulted in the international financiers being the most effective option for financing the important things in the very first place. Hi, if it is an effective job, it makes money, and it can be offered, I do not see any kind of reason why the job should not be able to be marketed and for the investor to be able to understand the return of his investment, perhaps obtain on his investment, just like every various other investor.

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If you have a project that is moneyed straight via the Immigrant Investor Program and it is thought to be utilizing undocumented employees, Immigration and Traditions Enforcement could investigate the company, could they not? Mr. Divine.


Chairman Leahy. However that would certainly be the exact same with any business. Mr. Divine. Each of these companies is needed to finish the I-9 form, however USCIS goes an action even more and does a check of some kind that led to the situation that has actually been stated. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I imply, I advise that every one of you actually-- Mr. North, in your situation, get out from inside the Beltway and increase there and talk with a few of these individuals. For one thing, you do not have way too many illegal immigrants who rather have the Vermont accent you listen to around there, especially when they speak regarding their grandparents that live there, and parents and so forth.


They will certainly state, "We have obtained concerning 9 people here, and we have actually been right here since 5 o'clock this morning, Mister." [Laughter.] Chairman Leahy. Not quite what an illegal immigrant could be stating. I think Mr. Stenger would say that one of his British investors was assuming, "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 last-minute reauthorization? In this instance it would be, I assume, September of following year, September of 2012. What does that do to a company attempting to carry out a program if Congress waits till the last few days to reauthorize it? What is the practical impact? Mr.

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I suggest, website the company in result is-- USCIS is a fee-funded firm, so it is basically kind of running a company and needs to cover its expenditures with the revenue that is created. To run this program properly, USCIS needs to staff up in a big way, dealing with the volume that is already there and preparing for the enhanced quantity of even more investment as we get even near half of the 10,000 visas that are offered in this group.

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I imply, that has reached seem like a contrasting circumstance, and you would certainly think of that it is going to hold someone back. Currently, I am not stating that they are keeping back, and I understand that they are attempting to staff up because I make certain they think and wish that the program will be reauthorized for the benefit of the Country.


And is that actually where they are going to have the ability to invest their time and sources in trying to improve the policies of this program so that everyone understands whether they can qualify or not and which kinds of projects are going to certify etc? We need that continuously.


And, Mr. Stenger, we in Vermont-- again, a little State, however we have the State federal government entailed with the Vermont Regional. Does that include benefits to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local facility manager, and actually I guess you would certainly call it the proprietor of the regional facility, has actually been a tremendous advantage.