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The legislation states you have 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 concern: Have you done any type of research on just how much money stays beyond the 2 years? And the response was no


Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this objection that the cash only has actually to remain spent for 2 years. Mr. Divine.






It is none much easier always than when it remained in the conditions that caused the foreign financiers being the very best option for financing the important things in the initial place. Hi there, if it is an effective job, it makes money, and it can be marketed, I do not see any factor why the task ought to not be able to be sold and for the capitalist to be able to recognize the return of his investment, perhaps gain on his investment, simply like every various other investor.

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If you have a job that is funded straight via the Immigrant Capitalist Program and it is believed to be using undocumented employees, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I assume what we need to realize likewise is that the case that is being cited as evidence that sometimes these projects have actually worked with an unauthorized employee is one in which USCIS did some sort of monitoring and identified that the worker was not accredited and stopped it.


Chairman Leahy. However that would certainly be the very same with any type of business. Mr. Divine. Every one of these companies is called for to complete the I-9 type, but USCIS goes a step further and does a check of some kind that led to the case that has actually been discussed. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I mean, I suggest that all of you actually-- Mr. North, in your situation, venture out from inside the Beltway and go up there and talk with some of these people. For something, you do not have also several unlawful immigrants that fairly have the Vermont accent you hear around there, particularly when they talk regarding their grandparents that live there, and parents and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in company isImpact USCIS is a fee-funded agency, firm it is essentially kind basically running a business and organization to cover its expenses with expenditures income that earnings generated. To run this program properly, USCIS requires to staff up in a huge means, dealing with the quantity that is currently there and expecting the increased volume of more investment as we obtain even close to half of the 10,000 visas that are readily available in this group.

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I imply, that has obtained to seem like a clashing situation, and you would imagine that it is going to hold someone back. Currently, I am not stating that they are holding back, and I know that they here are trying to staff up because I make certain they believe and really hope that the program will be reauthorized for the benefit of the Nation.


And is that really where they are going to have the ability to invest their time and sources in attempting to remove up the guidelines of this program so that everybody understands whether they can certify or not and which type of projects are going to qualify etc? We need that constantly.


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