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But the law says you have got to invest for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any research on exactly how much cash stays beyond the 2 years? And the response was no


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






It is none less complicated always than when it remained in the problems that caused the foreign financiers being the best option for financing the important things to begin with. Hello, if it is an effective project, it makes money, and it can be marketed, I do not see any type of reason why the job need to not be able to be sold and for the financier to be able to realize the return of his financial investment, perhaps gain on his investment, simply like every various other investor.

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If you have a job that is funded straight with the Immigrant Financier Program and it is thought to be utilizing undocumented workers, Migration and Traditions Enforcement could check out the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is required to complete the I-9 type, yet USCIS goes a step even more and does a check of some kind that led to the situation that has actually been stated. I am not a witness here, yet I am so struck by Mr.

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


They will certainly state, "We have obtained about 9 people below, and we have been below because 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not quite what an unlawful immigrant might be stating. I assume Mr. Stenger would say that one of his British financiers was assuming, "Are we all speaking the exact same language below?" 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 important link maintains tasting a final reauthorization? In this situation 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 useful impact? Mr.

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I mean, the agency effectively is-- USCIS is a fee-funded company, so it is essentially sort of running a service and has to cover its expenses with the income that is created. To run this program correctly, USCIS needs to staff up in a large way, handling the quantity that is already there and preparing for the raised volume of even more financial investment as we obtain even near half of the 10,000 visas that are readily available in this classification.

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I indicate, that has got to really feel like a contrasting content circumstance, and you would certainly visualize that it is mosting likely useful content to hold somebody back. Currently, I am not claiming that they are holding back, and I know that they are attempting to staff up because I make sure they believe and wish that the program will be reauthorized for the advantage of the Country.


And is that really where they are going to be able to invest their time and resources in attempting to clear the policies of this program to ensure that everyone recognizes whether they can qualify or not and which type of tasks are mosting likely to certify and so forth? We need that continuously.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a tiny State, but we have the State government included with the Vermont Regional Facility. Does that add benefits to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the regional center manager, and in fact I presume you would call it the proprietor of the local center, has been a tremendous advantage.