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The legislation states you have actually obtained 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 type of research study on exactly how much cash remains past the 2 years? And the answer was no


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






It is not any much easier always than when it remained in the problems that resulted in the foreign financiers being the most effective option for funding the important things to begin with. However, hey, if it is an effective project, it generates income, and it can be sold, I do not see any type of reason that the task ought to not have the ability to be offered and for the financier to be able to realize the return of his financial investment, perhaps obtain on his investment, similar to every various other investor.

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If you have a project that is funded straight through the Immigrant Investor Program and it is believed to be employing undocumented employees, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine. They could. I mean, I assume what we require to realize also is that the instance that is being mentioned as evidence that in some cases these projects have actually worked with an unapproved worker is one in which USCIS did some kind of monitoring and identified that the worker was not accredited and stopped it.


Mr. Divine. Every one of these companies is required to complete the I-9 type, yet USCIS goes a step additionally and does a check of some kind that led to anchor the instance that has been discussed. I am not a witness here, however I am so struck by Mr.

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I mean, Imply recommend that all of you actually-- Really North, in your case, instance out obtain inside the Beltway and go up there and talk with chat of these people.


They will certainly claim, "We have obtained regarding 9 people below, and we have actually been here since 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal alien could be saying. Actually, I think Mr. Stenger would certainly say that of his British capitalists was assuming, "Are all of us talking the exact same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress maintains running up versus a last-minute reauthorization? In this instance it would be, I believe, September of following 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 effect? Mr.

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I imply, the company essentially is-- check here USCIS is a fee-funded firm, so it is basically kind of running a service and needs to cover its expenditures with the revenue that is generated. To run this program correctly, USCIS needs to staff up in a big way, managing the quantity that is currently there and preparing for the raised quantity of more financial investment as we get back at near to half of the 10,000 visas that are offered in this classification.

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I suggest, that has reached seem like a contrasting situation, and you would certainly think of that it is mosting likely to hold someone back. Currently, I am not saying that they are holding back, and I understand that they are attempting to staff up because I am sure they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that really where they are going to be able to invest their time and resources in trying to improve the policies of this program so that everybody knows whether they can qualify or not and which kinds of projects are mosting likely to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- This Site again, a small State, but we have the State government entailed with the Vermont Regional. Mr. Stenger.