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The law claims you have actually got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any type of research on exactly how much cash stays beyond the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the money only has actually to continue to be invested for 2 years. Mr. Divine.






It is not any kind of much easier always than when it remained in the conditions that caused the foreign investors being the most effective choice for financing the point to begin with. But, hi there, if it is a successful job, it earns money, and it can be marketed, I do not see any reason that the job must not be able to be marketed and for the capitalist to be able to realize the return of his financial investment, possibly gain on his financial investment, simply like every other investor.

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If you have a project that is funded straight with the Immigrant Financier Program and it is thought to be employing undocumented employees, Migration and Customs Enforcement could check out the company, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to complete the I-9 kind, but USCIS goes an action better and does a check of some kind that led to the situation that has actually been discussed. I am not a witness right here, yet I am so struck by Mr.

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


They will certainly claim, "We have got concerning nine of us here, and we have been right here since 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal immigrant may be stating. In reality, I think Mr. Stenger would certainly claim that one of his British financiers was believing, "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 authorities. What does it do if Congress maintains meeting a last-minute reauthorization? In this situation it would be, I think, September of next year, September of 2012. What does that do to a firm trying to administer a program if Congress waits until the last couple of days to reauthorize it? What is the useful result? Mr.

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I imply, the company effectively is-- USCIS is a fee-funded company, so it is essentially sort of click here running a business and has to cover its expenses with the income that is produced. To run this program correctly, USCIS requires to staff up in a huge way, handling the volume that is already there and preparing for the raised volume of more investment as we obtain also near fifty percent of the 10,000 visas that are offered in this group.

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I mean, that has reached seem like a contrasting circumstance, and you would certainly visualize that it is going to hold someone back. Currently, I am not saying that they are holding back, and I understand that they are trying to staff up because I make sure they believe and wish that the program will certainly be reauthorized for the benefit of the Nation.


And is that really where they are mosting likely to be able to spend their time and sources in attempting to improve the policies of this program to make sure that everyone understands whether they can certify or not and which type of tasks are mosting likely to certify and so forth? We require that consistently.


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