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But the regulation states you have got to spend 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 type of research study on just how much cash remains past the 2 years? And the solution was no


Senator Grassley. Thank you, Mr. Chairman. I wish to have a second round. Chairman Leahy. . Allow me just ask, Mr. Divine, you hear this criticism that the cash just has to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If money obtains taken into a hotel, as I was starting to describe earlier, the programmer of that task would have to be able to find somebody to get the hotel or would certainly have to have the ability to discover someone to refinance it with other cash.






It is none much easier necessarily than when it remained in the conditions that brought about the foreign investors being the very best option for financing the point to begin with. Hello, if it is a successful job, it makes cash, and it can be offered, I do not see any type of factor why the project should not be able to be marketed and for the capitalist to be able to understand the return of his investment, possibly gain on his financial investment, simply like every other financier.

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If you have a task that is funded straight with the Immigrant Financier Program and it is thought to be employing undocumented employees, Migration and Traditions Enforcement could investigate the company, could they not? Mr. Divine.


Chairman Leahy. That would certainly be the same with any type of business. Mr. Divine. Each of these employers is needed to complete the I-9 form, however USCIS goes an action further and does a check of some kind that caused the case that has actually been mentioned. Chairman Leahy. I am not a witness below, yet I am so struck by Mr.


I indicate, I advise that every one of you really-- Mr. North, in your situation, venture out from inside the Beltway and increase there and speak with a few of these individuals. For one point, you do not have also many illegal aliens that fairly have the Vermont accent you listen to around there, especially when they chat about their grandparents who live there, and parents and more.


They will claim, "We have got concerning nine of us right here, and we have been right here considering that 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not quite what an unlawful immigrant could be stating. In fact, I assume Mr. Stenger would claim that one of his British investors was assuming, "Are most of us talking the same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm authorities. What does it do if Congress keeps running up against a last-minute reauthorization? In this situation it would be, I believe, September of following year, September of 2012. What does that do to a company trying to provide a program if Congress waits up until the last few days to reauthorize it? What is the practical impact? Mr.

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I indicate, the company essentially is-- USCIS is a fee-funded company, so it is essentially kind of running an organization and needs to cover its costs with the income that is generated. To run this program correctly, USCIS needs to staff up in a big means, managing the quantity that is already there and preparing for the increased volume of more investment as we get back at near to fifty percent of the 10,000 visas that are available in this category.

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I indicate, that has actually got to seem like a conflicting situation, and you would website visualize that it is going to hold someone back. Now, I am not claiming that they are keeping back, and I understand that they are trying to staff up due to the fact that I make sure they think and hope that the program will certainly be reauthorized for the benefit of the Country.


And is that actually where they are going to have the ability to invest their time and resources in trying to improve the guidelines of this program to ensure that everyone recognizes whether they can certify or otherwise and which sort of projects are going to certify etc? We require that constantly.


And, Mr. Stenger, we in Vermont-- once again, a tiny State, but we have the State government involved with the Vermont Regional. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local center administrator, and in fact I guess you would call it the owner of the local facility, has been a tremendous benefit.