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The legislation states you have actually obtained to spend 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 type of research study on exactly how much cash stays past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would certainly like to have a second round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the money only needs to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If money gets put right into a resort, as I was beginning to discuss earlier, the developer of that project would certainly need to have the ability to locate someone to acquire the resort or would certainly need to have the ability to discover somebody to refinance it with other money.






It is none less complicated necessarily than when it was in the problems that resulted in the foreign capitalists being the most effective option for funding the thing to begin with. Hi there, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason why the job should not be able to be marketed and for the investor to be able to recognize the return of his investment, maybe obtain on his investment, just like every various other investor.

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If you have a task that is moneyed straight via the Immigrant Financier Program and it is thought to be utilizing undocumented employees, Migration and Customs Enforcement could explore the company, could they not? Mr. Divine. They could. I imply, I assume what we need to understand additionally is that the case that is being cited as evidence that occasionally these projects have hired an unauthorized worker is one in which USCIS did some kind of monitoring and determined that the employee was not licensed and stopped it.


Chairman Leahy. That would certainly be the exact same with any business. Mr. Divine. Every one of these companies is required to complete the I-9 form, but USCIS goes an action even more and does a check of some kind that caused the situation that has been discussed. Chairman Leahy. I am not a witness helpful resources here, but I am so struck by Mr.


I mean, I recommend that every one of you actually-- Mr. North, in your situation, go out from inside the Beltway and rise there and speak with a few of these people. For something, you do not have also several illegal aliens that rather have the Vermont accent you listen to around there, especially when they speak a knockout post about their grandparents that live there, and moms and dads and more.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in company isResult USCIS is a fee-funded agency, company it is essentially kind of running a business and service to cover discover here its expenses with the income that revenue generated. To run this program properly, USCIS needs to staff up in a huge way, dealing with the quantity that is already there and preparing for the boosted quantity of more financial investment as we get also close to half of the 10,000 visas that are readily available in this classification.

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I suggest, that has got to seem like a clashing situation, and you would certainly visualize that it is mosting likely to hold somebody back. Now, I am not saying that they are keeping back, and I recognize that they are trying to staff up due to the fact that I make certain they think and 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 spend their time and sources in attempting to remove up the guidelines of this program to ensure that everybody knows whether they can certify or not and which type of projects are mosting likely to qualify and so forth? We require that constantly.


And, Mr. Stenger, we in Vermont-- again, a tiny State, yet we have the State federal government entailed with the Vermont Regional. Mr. Stenger.