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The law states you have actually 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 research on how much cash remains past the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this objection that the money just has to remain spent for 2 years. Mr. Divine.






It is not any type of much easier necessarily than when it remained in the conditions that led to the international financiers being the very best option for funding the point to begin with. However, hey, if it is an effective project, it generates income, and it can be sold, I do not see any kind of reason why the task need to not be able to be offered and for the capitalist to be able to recognize the return of his financial investment, perhaps gain on his financial investment, similar to every other financier.

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If you have a job that is moneyed directly via the Immigrant Financier Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Chairman Leahy. That would be the very same with any firm. Mr. Divine. Every one of these employers is called for to complete the I-9 kind, but USCIS goes an action further and does a check of some kind that caused the instance that has been stated. Chairman Leahy. I am not a witness here, yet I am so struck by Mr.


I mean, I suggest that every one of you actually-- Mr. North, in your situation, obtain out from inside the Beltway and go up there and speak with several of these people. For one point, you do not have a lot of prohibited immigrants that quite have the Visit This Link Vermont accent you listen to around there, especially when they speak about their grandparents that live there, and moms and dads and so on.


They will certainly say, "We have got concerning 9 of us right here, and we have actually been here because 5 o'clock this morning, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal immigrant could be claiming. I think Mr. Stenger would say that one of his British investors was thinking, "Are we all speaking the very same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous company official. What does it do if Congress maintains meeting a final reauthorization? In this situation it would certainly be, I believe, September of next year, September of 2012. What does that do to an agency attempting to carry out a program if Congress waits up until the last couple of days to reauthorize it? What is the practical effect? Mr.

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I mean, the agency basically is-- USCIS is a fee-funded firm, so it is basically type of running a business and has to cover its expenses with the income that is generated. To run this program properly, USCIS requires to staff up in a large way, handling the volume that is already there and preparing for the enhanced volume of more investment as we get back at near to fifty percent of the 10,000 visas that are available in this classification.

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I imply, that has actually reached really feel like a clashing scenario, and you would certainly visualize that it is mosting likely to hold somebody back. Currently, I am not claiming that they are keeping back, and I know that they are trying to staff up because I make sure they think and really hope that the program will be reauthorized for the advantage of the Nation.


And is that really where they are going to be able to invest their time and sources in attempting to check that clear the policies of this program so that everybody knows whether website here they can certify or not and which kinds of tasks are going to qualify etc? We need that constantly.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State federal government included with the Vermont Regional. Mr. Stenger.