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However the regulation claims you have actually got to invest for 2 years and that is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any type of study on just how much money stays beyond the 2 years? And the answer was no

Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the cash only has to remain invested for 2 years. Mr. Divine.




It is not any much easier necessarily than when it was in the problems that caused the foreign capitalists being the very best option for funding the thing to begin with. But, hi, if it is an effective task, it earns money, and it can be offered, I do not see any reason that the task must 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, simply like every other financier.

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If you have a task that is moneyed directly through the Immigrant Investor Program and it is thought to be utilizing undocumented workers, Immigration and Customs Enforcement could explore the company, could they not? Mr. Divine. They could. I imply, I think what we require to realize additionally is that the situation that is being mentioned as proof that sometimes these tasks have worked with an unapproved worker is one in which USCIS did some kind of monitoring and figured out that the worker was not accredited and quit it.

Chairman Leahy. Yet that would be the very same with any business. Mr. Divine. Each of these employers is called for to complete the I-9 type, yet USCIS goes a step additionally and does a check of some kind that resulted in the instance that has been pointed out. Chairman Leahy. I am not a witness below, but I am so struck by Mr.

I imply, I advise that all of you really-- Mr. North, in your instance, get out from inside the Beltway and rise there and chat with some of these individuals. For one point, you do not have a lot of illegal immigrants that quite have the Vermont accent you listen to around there, specifically when they discuss their grandparents that live there, and parents and so on.

They will claim, "We have got regarding nine of us here, and we have actually been right here because 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not quite what a prohibited immigrant may be saying. I assume Mr. Stenger would state that one of his British investors was believing, "Are we all talking the same language right here?" Mr.

I asked Mr. Stenger this. Let me ask you what your experience is as a former firm official. What does it do if check here Congress maintains running up against a final reauthorization? In this case it would be, I assume, September of next year, September of 2012. What does that do to a company attempting to provide a program if Congress waits till the last few days to reauthorize it? What is the functional result? Mr.

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I indicate, the company effectively is-- USCIS is a fee-funded firm, so it is basically type of running a business and has to cover its expenses with the income that is generated. To run this program correctly, USCIS needs to staff up in a big way, handling the volume that is already there and expecting the enhanced volume of more investment as we get back at close to fifty percent of the 10,000 visas that are readily available in this category.

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I suggest, that has actually reached feel like a clashing scenario, and you would certainly think of that it is mosting likely to hold someone back. Currently, I am not saying that they are holding back, and I know that they are trying to staff up since I make sure they believe and hope that the program will be reauthorized for the benefit of the Nation.

And is that truly where they are going to be able to spend their time and resources in trying to clear the policies of this program to make sure that everyone knows whether they can certify or otherwise and which sort of jobs are mosting likely to qualify and so forth? We need that consistently.

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

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