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The legislation says you have actually got 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 research study on just how much cash 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 just has to continue to be invested for 2 years. Mr. Divine.






It is none much easier necessarily than when it remained in the conditions that led to the international financiers being the very best choice for funding the thing to begin with. However, hello, if it is an effective job, it generates income, and it can be offered, I do not see any type of reason why the job ought to not have the ability to be sold and for the capitalist to be able to recognize the return of his financial investment, perhaps acquire on his financial investment, similar to every other financier.

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If you have a project that is funded directly via the Immigrant Capitalist Program and it is thought to be employing undocumented workers, Immigration and Customs Enforcement could explore the company, could they not? Mr. Divine.


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

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


They will claim, "We have got about nine of us right here, and we have been below considering that 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an unlawful immigrant may be stating. In fact, I assume Mr. Stenger would state that one of his British capitalists was thinking, "Are most of us speaking the very same language here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous agency authorities. What does it do if Congress keeps meeting a last-minute reauthorization? In this instance it would certainly be, I believe, September of following year, September of 2012. What does that do to a company trying to carry out a program if Congress waits up until the last few days to reauthorize it? What is the practical impact? Mr.

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I indicate, the agency in result is-- USCIS is a fee-funded agency, so it is basically sort of running a business and has to cover its costs with the revenue that is generated. To run this program properly, USCIS needs to staff up in a huge means, taking care of the quantity that is currently there and anticipating the boosted quantity of even more financial investment as we get back at near fifty percent of the 10,000 visas that are offered in this group.

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I suggest, that has reached really feel like a clashing situation, and you would imagine that it is mosting likely to hold someone back. Now, I am not claiming that they are holding back, and I recognize that they are attempting to staff up since I make certain they think and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are going to be able to spend their time and sources in attempting to get rid of up the policies of get more info this program so that everyone understands whether they can qualify or not and which kinds of tasks are mosting likely to certify etc? We require that continuously.


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