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But the regulation states you have actually got to spend for 2 years which is all. Second, at one of the stakeholders conferences put on by USCIS, I asked a question: Have you done any type of research study on just how much cash stays past the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the money just has actually to stay invested for 2 years. Mr. Divine.






It is none easier always than when it was in the problems that brought about the foreign investors being the best choice for funding things in the very first area. However, hey, if it is an effective project, it generates income, and it can be sold, I do not see any kind of reason why the task must not have the ability to be offered and for the investor to be able to understand the return of his investment, perhaps gain on his financial investment, similar to every various other financier.

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If you have a project that is funded straight through the Immigrant Financier Program and it is thought to be using undocumented employees, Immigration and Customs Enforcement could explore the employer, could they not? Mr. Divine.


Chairman Leahy. However that would coincide with any kind of business. Mr. Divine. Each of these employers is needed to finish the I-9 form, yet USCIS goes a step better and does a check of some kind that caused the case that has been stated. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I suggest, I advise that every one of you in fact-- Mr. North, in your case, go out from inside the Beltway and rise there and speak with several of these individuals. For something, you do not have a lot of unlawful immigrants that rather have the Vermont accent you listen to around there, pop over here specifically when they speak about their grandparents that live there, and parents and so forth.


They will say, "We have actually got concerning nine people here, and we have actually been here since 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal immigrant could be claiming. As a matter of fact, I believe Mr. Stenger would claim that of his British financiers was thinking, "Are we all speaking the very same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former company authorities. What does it do if Congress maintains tasting a final reauthorization? In this case 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 practical impact? Mr.

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I imply, the firm essentially is-- USCIS is a fee-funded company, so it is basically sort of running a service and needs to cover its expenses with the revenue that is generated. To run this program correctly, USCIS needs to staff up in a huge means, handling the volume that is currently there and preparing for the boosted quantity of even more investment as we get even close to half of the 10,000 visas that are available in this category.

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I mean, that has actually reached seem like a contrasting circumstance, and you would think of that it is going to hold somebody back. Now, I am not stating that they are holding back, and I recognize that they are trying to staff up because I make certain they think and really hope that the program will be reauthorized for the benefit of the Country.


And is that really try this out where they are going to have the ability to invest their time and sources in attempting to get rid of up the policies of this click here for more program so that everyone understands whether they can qualify or not and which sort of projects are mosting likely to qualify etc? We need that continuously.


And, Mr. Stenger, we in Vermont-- once again, a little State, but we have the State government involved with the Vermont Regional. Mr. Stenger.