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The legislation claims you have got to spend 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 kind of research study on just how much cash stays past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the money just needs to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a resort, as I was beginning to discuss earlier, the programmer of that job would certainly need to be able to locate someone to acquire the hotel or would have to be able to discover somebody to refinance it with various other money.






It is not any type of much easier necessarily than when it remained in the conditions that led to the international financiers being the best alternative for funding the important things in the initial location. But, hi there, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason the project must not be able to be marketed and for the investor to be able to understand the return of his investment, possibly get on his investment, simply like every various other capitalist.

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If you have a project that is funded directly via the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I suggest, I believe what we need to realize additionally is that the situation that is being cited as evidence that sometimes these tasks have hired an unapproved worker is one in which USCIS did some kind of monitoring and figured out that the worker was not accredited read more and stopped it.


Mr. Divine. Every one of these employers is needed to complete the I-9 kind, but USCIS goes a step additionally and does a check of some kind that led to the instance that has been pointed out. I am not a witness below, but 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 great site and go up there and talk with speak of these people.


They will certainly state, "We have obtained regarding 9 people right here, and we have actually been right here considering that 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien may be stating. I believe Mr. Stenger would certainly state that one of his British capitalists was believing, "Are we all speaking the exact same language here?" Mr.


I asked Mr. pop over here Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress maintains running up against a final reauthorization? In this situation it would certainly be, I believe, September of following year, September of 2012. What does that do to an agency trying to provide a program if Congress waits until the last few days to reauthorize it? What is the practical impact? Mr.

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I indicate, the firm effectively is-- USCIS is a fee-funded firm, so it is essentially kind of running an organization and has to cover its expenses with the earnings that is created. To run this program correctly, USCIS needs to staff up in a big way, taking care of the quantity that is currently there and expecting the raised quantity of even more financial investment as we get back at close to fifty percent of the 10,000 visas that are offered in this category.

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I indicate, that has actually got to seem like a contrasting situation, and you would visualize that it is going to hold somebody back. Currently, I am not claiming that they are keeping back, and I know that they are trying to staff up since I make certain they think and hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to invest their time and resources in trying to clean up the policies of this program to make sure that everyone knows whether they can certify or otherwise and which sort of tasks are mosting likely to certify etc? We require that continually.


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