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The regulation says you have obtained to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any kind of research study on just how much cash stays beyond the 2 years? And the response was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the cash just has actually to stay invested for 2 years. Mr. Divine.






It is not any type of much easier necessarily than when it was in the conditions that brought about the foreign financiers being the most effective choice for financing the thing in the initial place. But, hi there, if it is an effective job, it makes cash, and it can be marketed, I do not see any reason the job should not have the ability to be sold and for the capitalist to be able to realize the return of his financial investment, possibly gain on his investment, similar to every various other investor.

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If you have a project that is moneyed directly through the Immigrant Investor Program and it is thought to be using undocumented workers, Migration and Customs Enforcement could explore the employer, could they not? Mr. Divine. They could. I indicate, I think what we need to understand additionally is that the situation that is being mentioned as proof that sometimes these tasks have actually hired an unauthorized employee is one in which USCIS did some sort of monitoring and determined that the worker was not licensed and stopped it.


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

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I mean, Indicate 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 chat of these people.


They will certainly state, "We have got about 9 of us right here, and we have actually been here given that 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not quite what an illegal immigrant could be stating. I believe Mr. Stenger would certainly more info say that one of his British financiers was believing, "Are we all talking the exact same language below?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former agency authorities. What does it do if Congress keeps tasting a final reauthorization? In this situation it would certainly be, I assume, September of following year, September of 2012. What does that do to a firm trying to administer a program if Congress waits till the last couple of days to reauthorize it? What is the useful impact? Mr.

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I indicate, the firm essentially is-- USCIS is a fee-funded company, so it is basically type of running an organization and has to cover its expenses with the revenue that is created. To run this program appropriately, USCIS requires to staff up in a huge means, handling the quantity that is currently there and preparing for the enhanced volume of even more investment as we get back at close to fifty percent of the 10,000 visas that are offered in this group.

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I imply, that has actually obtained to really feel like a contrasting scenario, and you would certainly think of that it is mosting likely to hold someone back. Now, I am not stating that they are holding back, and I understand that they are trying to staff up since I am certain they think and wish that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to have the ability to spend their time and sources in attempting to clear the guidelines of this program so that everybody understands whether they can certify or not and which kinds of projects are mosting likely to qualify and so forth? We require that constantly.


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