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


Senator Grassley. Thanks, Mr. Chairman. I wish to have a 2nd round. Chairman Leahy. Absolutely. Allow me just ask, Mr. Divine, you hear this criticism that the money just needs to stay spent for 2 years. Has that been your experience? Mr. Divine. If cash gets placed right into a resort, as I was starting to clarify earlier, the programmer of that job would have to be able to find somebody to buy the hotel or would certainly need to have the ability to discover somebody to re-finance it with various other cash.

It is not any kind of easier always than when it was in the conditions that resulted in the foreign investors being the most effective alternative for funding things to begin with. Yet, hey, if it is an effective job, it earns money, and it can be marketed, I do not see any type of reason why the project ought to not have the ability to be marketed and for the investor to be able to understand the return of his investment, perhaps get on his financial investment, similar to 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 using undocumented workers, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to finish the I-9 kind, yet USCIS goes a step even more and does a check of some kind that led to the situation that has actually been mentioned. I am not a witness here, but I am so struck by Mr.

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I mean, Imply recommend that advise of you actually-- Really North, in your case, situation out from inside the Beltway and go up there and talk with chat of these people.

They will certainly claim, "We have obtained about 9 of us right here, and we have actually been right here since 5 o'clock today, go to my site Mister." [Laughter.] Chairman Leahy. Not fairly what an unlawful immigrant could be stating. I believe Mr. Stenger would say that one of his British financiers was assuming, "Are we all speaking the very same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress maintains meeting a final reauthorization? In this situation it would be, I assume, September of next year, September of 2012. What does that do to an agency attempting to carry out a program if Congress waits until the last few days to reauthorize it? What is the sensible effect? Mr.

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I imply, the company basically is-- USCIS is a fee-funded company, so it is basically sort of running a company and has to cover its costs with the earnings that is produced. To run this program appropriately, USCIS requires to staff up in a big method, managing the volume that is already there and expecting the raised quantity of even more investment as we get back at near half of the 10,000 visas that are offered in this category.

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I indicate, that has actually reached seem like a conflicting scenario, and you would envision that it is going to hold somebody back. Currently, I am not claiming that they are Get More Information holding back, and I understand that they are attempting to staff up since I am certain they believe and really 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 clear the policies of next page this program so that everyone knows whether they can certify or otherwise and which type of tasks are going to qualify etc? We need that continually.


And, Mr. Stenger, we in Vermont-- once again, a small State, however we have the State government included with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the local facility manager, and really I presume you would call it the proprietor of the local center, has actually been a remarkable benefit.