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The legislation claims you have 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 research on just how much cash remains past the 2 years? And the response was no


Senator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this criticism that the cash only has actually to remain spent for 2 years. Has that been your experience? Mr. Divine. If money obtains placed into a resort, as I was beginning to explain earlier, the programmer of that project would certainly have to have the ability to find somebody to purchase the resort or would certainly need to be able to discover somebody to refinance it with other cash.

It is not any kind of much easier always than when it remained in the problems that resulted in the international financiers being the most effective option for financing the important things in the very first location. Hi there, if it is a successful job, it makes cash, and it can be offered, I do not see any factor why the project should not be able to be marketed and for the investor to be able to realize the return of his investment, possibly gain on his investment, simply like every various other capitalist.

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If you have a project that is funded straight with the Immigrant Financier Program and it is thought to be utilizing undocumented workers, Immigration and Customs Enforcement could investigate the employer, could they not? Mr. Divine. They could. I imply, I think what we require to understand likewise is that the instance that is being cited as evidence that in some cases these jobs have employed an unauthorized worker is one in which USCIS did some sort of checking and identified that the employee was not authorized and stopped it.


Mr. Divine. Every one of these employers is called for to complete the I-9 form, but USCIS goes a step further and does a check of some kind that led to the instance that has actually been discussed. I am not a witness below, however I am so struck by Mr.

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

Mr.

I asked Mr. Stenger this. Mr.


I mean, imply agency in effect isResult USCIS is a fee-funded agency, company it is essentially my explanation kind of running his response a business and has to cover its expenses with expenditures income that earnings generated. To run this program correctly, USCIS requires to staff up in a huge means, dealing with the volume that is currently there and expecting the increased quantity of more financial investment as we obtain also close to half of the 10,000 visas that are offered in this category.

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I suggest, that has obtained to seem like a clashing circumstance, and you would visualize that it is going to hold somebody back. Currently, I am not claiming that they are holding back, and I recognize that they are trying to staff up since I site link am certain they think and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to be able to invest their time and resources in attempting to clean up the guidelines of this program to make sure that everyone knows whether they can qualify or otherwise and which sort of tasks are mosting likely to certify etc? We need that continuously.


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