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Yet the regulation states you have actually reached invest for 2 years which is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a concern: Have you done any research on just how much money stays beyond the 2 years? And the answer was no


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






It is not any easier always than when it was in the conditions that resulted in the foreign capitalists being the very best option for financing the point in the very first place. However, hello, if it is a successful job, it makes money, and it can be offered, I do not see any reason the project need to not be able to be marketed and for the investor to be able to recognize the return of his investment, perhaps gain 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 employing undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I believe what we require to recognize also is that the instance that is being pointed out as proof that often these projects have actually hired an unauthorized employee is one in which USCIS did some kind of monitoring and figured out that the worker was not authorized and quit it.


Mr. Divine. Every one of these employers is needed to complete the I-9 form, yet USCIS goes an action better and does a check of some kind that led to the situation that has actually been discussed. I am not a witness below, yet I am so struck by Mr.

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


They will say, "We have actually got concerning 9 people right here, and we have been below given that next page 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien could be saying. In reality, I think Mr. Stenger would certainly say that of his British investors was assuming, "Are we all talking the very same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous agency authorities. What does it do if Congress maintains meeting a final reauthorization? In this instance it would be, I believe, 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 sensible effect? Mr.

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I mean, the agency effectively is-- USCIS is a fee-funded company, so it is home basically sort 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 big way, taking care of the quantity that is already there and expecting the boosted quantity of even more investment as we get back at near to half of the 10,000 visas that are available in this category.

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I mean, that has got to seem like a contrasting circumstance, and you would you could try here certainly think of that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I recognize that they are attempting to staff up due to the fact that I make certain they believe and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that really where they are going to be able to invest their time and resources in trying to remove up the policies of this program to make sure that everyone recognizes whether they can certify or otherwise and which sort of projects are going to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- once again, a small State, yet we have the State federal government entailed with the Vermont Regional. Mr. Stenger.