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The law says you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research on just how much money stays past the 2 years? And the answer was no


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






It is none less complicated always than when it was in the problems that resulted in the international capitalists being the very best option for funding the important things to begin with. But, hi there, if it is a successful task, it earns money, and it can be marketed, I do not see any type of reason the task ought to not have the ability to be sold and for the capitalist to be able to recognize the return of his financial investment, perhaps obtain on his investment, simply like every other financier.

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If you have a project that is moneyed directly via the Immigrant Financier Program and it is thought to be utilizing undocumented workers, Migration and Customs Enforcement could check out the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is required to finish the I-9 kind, however USCIS goes a step even more and does a check of some kind that led to the instance that has actually been pointed out. I am not a witness below, but I am so struck by Mr.

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I mean, Indicate recommend that suggest of you actually-- In fact North, in your case, get out from inside the Beltway and go up there and talk with speak of these people.


They will claim, "We have actually got regarding 9 people below, and we have actually been here given that 5 other o'clock today, Mister." [Giggling.] Chairman Leahy. Not rather what a prohibited immigrant may be saying. I assume Mr. Stenger would certainly claim that one of his British investors was assuming, "Are we all speaking the same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous agency official. What does it do if Congress keeps meeting a final reauthorization? In this instance it would be, I think, September of next year, September of 2012. What does that do to an agency attempting to administer a program if Congress waits till the last few days to reauthorize it? What is the functional impact? Mr.

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I suggest, the firm essentially is-- USCIS is a fee-funded agency, so it is essentially type of running a company have a peek here and has to cover its costs with the earnings that is created. To run this program correctly, USCIS needs to staff up in a huge method, managing the volume that is currently there and anticipating the boosted quantity of more financial investment as we obtain also near fifty percent of the 10,000 visas that are readily available in this group.

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I imply, that has actually reached really feel like a clashing scenario, and you would visualize that it is going to hold somebody back. Now, I am not stating that they are holding back, and I understand that they are a knockout post attempting to staff up due to the fact that I am sure they believe and really hope that the program will certainly be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and sources in attempting to clear the regulations of this program so that everybody knows whether they can qualify or not and which type of projects are going to qualify and so forth? We require that consistently.


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