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The law 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 an inquiry: Have you done any research study on just how much money remains beyond 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 only has to remain spent for 2 years. Mr. Divine.






It is not any kind of less complicated always than when it was in the problems that resulted in the international financiers being the most effective alternative for financing the important things in the very first area. However, hey, if it is an effective project, it earns money, and it can be sold, I do not see any reason the project must not have the ability to be sold and for the capitalist to be able to recognize the return of his financial investment, perhaps gain on his financial investment, just like every other financier.

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If you have a task that is moneyed directly through the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could explore the company, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to finish the I-9 type, however USCIS goes a step additionally and does a check of some kind that led to the case that has been stated. I am not a witness below, but I am so struck by Mr.

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I mean, Imply recommend that advise of you actually-- In fact North, in your case, situation out from inside the Beltway and go up there and talk with speak of these people.


They will certainly claim, "We have obtained concerning nine of us right here, and we have been right here because 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien may be saying. Actually, I believe Mr. Stenger would certainly claim that a person of his British financiers was assuming, "Are most of us talking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as more info a previous firm authorities. What does it do if Congress keeps tasting a final reauthorization? In this situation it would be, I think, September of next year, September of 2012. What does that do to an agency attempting to provide a program if Congress waits until the last couple of days to reauthorize it? What is the sensible result? Mr.

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I mean, the company in effect is-- USCIS is a fee-funded agency, so it is essentially type of running a business and has to cover its costs with the income that is generated. To run this program properly, USCIS needs to staff up in a huge means, handling the quantity that is currently there and preparing for the enhanced quantity of even more investment as we get also close to half of the 10,000 visas that are readily available in this category.

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I imply, that has obtained to seem like a contrasting situation, and you would imagine that it is mosting likely to hold someone back. Currently, I am not claiming that they are holding back, and I recognize that they are attempting to staff up since I make certain they believe and wish that the program will be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to have the ability to invest their time and sources in trying to clear up the rules of this program so that everyone understands whether they can certify or not and which sort of jobs are going to certify and so forth? We require that continuously.


And, Mr. Stenger, we in Vermont-- once more, a tiny State, however we have the State government included with the Vermont Regional. Mr. Stenger.