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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 research on just how much money stays past the 2 years? And the solution was no


Senator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Certainly. Let me just ask, Mr. Divine, you hear this criticism that the cash just has actually to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash gets taken into a resort, as I was starting to clarify earlier, the programmer of that project would need to have the ability to discover somebody to get the resort or would have to be able to locate someone to re-finance it with various other cash.






It is not any easier always than when it was in the problems that brought about the international capitalists being the most effective option for funding the thing to begin with. But, hi, if it is a successful project, it earns money, and it can be sold, I do not see any kind of reason that the task must not be able to be offered and for the investor to be able to recognize the return of his financial investment, perhaps gain on his financial investment, simply like every other financier.

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If you have a job that is moneyed directly via the Immigrant Capitalist Program and it is believed to be utilizing undocumented workers, Migration and Traditions Enforcement could explore the company, could they not? Mr. Divine. They could. I imply, I think what we require to recognize also is that the instance that is being mentioned as proof that have a peek at this site sometimes these tasks have worked with an unauthorized employee is one in which USCIS did some kind of monitoring and figured out that the worker was not accredited and stopped it.


Mr. Divine. Every one of these companies is required to complete the I-9 form, however USCIS goes an action further and does a check of some kind that led to the case that has been discussed. I am not a witness below, yet I am so struck by Mr.

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


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in effect isResult USCIS is a fee-funded agency, company it is essentially kind basically running a business and service to cover its expenses with the income that is generated. To run this program appropriately, USCIS requires to staff up in a huge means, dealing with the quantity that is currently there and expecting the increased quantity of even more investment as we obtain even close to fifty percent of the 10,000 visas that are available in this classification.

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I mean, that has actually obtained to feel like a conflicting circumstance, and you would imagine that it is mosting official statement likely to hold somebody back. Currently, I am not stating that they are holding back, and I recognize that they are trying to staff up because I make sure they believe and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that really where they are going to have the ability to invest their time and resources in trying to remove up the rules of this program so that everybody knows whether they can qualify or not and which type of tasks are going to qualify and so forth? We require that constantly.


And, Mr. Stenger, we in Vermont-- once more, a little State, but we have the State federal government involved with the Vermont Regional. Does that add advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the local facility administrator, and really I think click site you would certainly call it the proprietor of the regional center, has been a significant advantage.