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The law claims you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any type of study on how much money stays past the 2 years? And the solution was no

Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this criticism that the cash just has to remain spent for 2 years. Mr. Divine.




It is not any type of easier necessarily than when it was in the conditions that resulted in the foreign financiers being the very best choice for financing the point to begin with. However, hello, if it is a successful task, it makes cash, and it can be offered, I do not see any type of reason the job need to not be able to be marketed and for the capitalist to be able to recognize the return of his investment, maybe get on his investment, much like every other investor.

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If you have a job that is funded straight via the Immigrant Capitalist Program and it is believed to be using undocumented employees, Migration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I indicate, I believe what we need to understand also is that the instance that is being mentioned as proof that often these projects have hired an unapproved employee is one in which USCIS did some sort of checking and identified that the employee was not authorized and quit it.

Mr. Divine. Every one of these companies is needed to complete the I-9 kind, but USCIS goes an action additionally and does a check of some kind that led to the case that has been mentioned. I am not a witness here, but I am so struck by Mr.

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I mean, Imply recommend that suggest of you more info actually-- Mr. North, in your case, get out obtain inside the Beltway and go up there and talk with chat of these people.

They will claim, "We have got about nine of us below, and we have actually been here because 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not fairly what an illegal alien may be saying. I assume Mr. Stenger would claim that one of his British investors was assuming, "Are we all talking the same language here?" Mr.

I asked Mr. Stenger this. Let me ask you what your experience is as a previous company authorities. What does it do if Congress keeps tasting a final reauthorization? In this case it would certainly be, I believe, September of next year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last couple of days to reauthorize it? What is the practical impact? Mr.

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I suggest, the company basically is-- USCIS is a fee-funded agency, so it is essentially type of running a business and has to cover its expenses with the revenue that is created. To run this program correctly, USCIS requires to staff up in a large way, handling the volume that is already there and expecting the increased quantity of even more financial 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 imply, that has reached seem like a conflicting scenario, and you would certainly imagine that it is mosting likely to hold someone back. Currently, I am not saying 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 certainly be reauthorized for the advantage of the Nation.

And is that truly where they are going to be able to invest their time and sources in trying to improve the regulations of this program to ensure that everyone understands whether they can certify or otherwise and which sort of projects are going to certify etc? We require that continually.

And, Mr. Stenger, we in Vermont-- once again, a tiny State, yet we have the State government entailed with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local center administrator, and in fact I presume you would certainly call it the proprietor of the regional facility, has been a remarkable advantage.

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