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However 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 research study on just how much cash remains past the 2 years? And the solution was no


Senator Grassley. Thank you, Mr. Chairman. I would like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the money just needs to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a hotel, as I was starting to clarify earlier, the programmer of that project would certainly need to be able to discover somebody to purchase the hotel or would certainly need to be able to find someone to re-finance it with various other money.

It is not any type of easier necessarily than when it remained in the problems that brought about the foreign investors being the most effective option for financing the important things to begin with. Hello, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason why the project need to not be able to be offered and for the investor to be able to realize the return of his financial investment, possibly get on his investment, simply like every other capitalist.

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If you have a task that is moneyed straight with the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Traditions Enforcement could examine the employer, could they not? Mr. Divine.


Chairman Leahy. That would certainly be the very same with any kind of firm. Mr. Divine. Each of these companies is required to complete the I-9 form, however USCIS goes a step better and does a check of some kind that caused the case that has actually been discussed. Chairman Leahy. I am not a witness below, however I am so struck by Mr.


I suggest, I advise that all of you in fact-- Mr. North, in your instance, obtain out from inside the Beltway and rise there and talk with some 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 who live there, and moms and dads and so forth.

They will certainly claim, "We have obtained regarding 9 people below, and we have been here since 5 o'clock this morning, Mister." official site [Giggling.] Chairman Leahy. Not rather what an illegal immigrant could be stating. I assume Mr. Stenger would state that one of his British investors was believing, "Are we all talking the same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous agency authorities. What does it do if Congress keeps meeting a last-minute reauthorization? In this instance it would be, I assume, September of next year, September of 2012. What does that do to a firm trying to carry out a program if Congress waits up until the last couple of days to reauthorize it? What is the functional impact? Mr.

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I mean, the company in result is-- USCIS is a fee-funded agency, so it is essentially sort of running a company and has to cover its expenditures with the revenue that is generated. To run this program properly, USCIS requires to staff up in a large way, managing the quantity that is currently there and preparing for internet the raised volume of more financial investment as we get back at near to fifty percent of the 10,000 visas that are available in this group.

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I mean, that has actually obtained to seem like a contrasting circumstance, and you would envision that it is mosting likely to hold someone back. Now, I am not stating that they are holding back, and I understand that they are attempting to staff up because I make certain they believe and really hope that the program will be reauthorized for the benefit of the Nation.


And is that actually where they are mosting likely to be able to spend their time and resources in trying to clean up the policies of this program so that everybody recognizes whether they can certify or otherwise and which kinds of projects are mosting likely to certify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, but we have the State federal government entailed with the Vermont Regional Center. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the regional facility administrator, and in fact I guess you would call it the owner of the local facility, has my sources been a significant benefit.