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Yet the regulation claims you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any type of study on just how much money stays past the 2 years? And the solution was no


Legislator Grassley. Thank you, Mr. Chairman. I want to have a second round. Chairman Leahy. Certainly. Let me just ask, Mr. Divine, you hear this criticism that the money only needs to remain invested for 2 years. Has that been your experience? Mr. Divine. If cash gets placed right into a resort, as I was beginning to clarify earlier, the designer of that job would certainly have to be able to find someone to purchase the hotel or would need to have the ability to find somebody to refinance it with other cash.

It is not any kind of less complicated necessarily than when it was in the problems that caused the international investors being the very best choice for financing things in the very first location. Hello, if it is an effective project, it makes cash, and it can be sold, I do not see any kind of reason why the job need to not be able to be sold and for the financier to be able to realize the return of his financial investment, possibly acquire on his financial investment, simply like every other capitalist.

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If you have a task that is funded directly through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


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

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

They will certainly state, "We have obtained concerning nine people right here, and we have actually been right here because 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not quite what a prohibited immigrant could be claiming. I assume Mr. Stenger would certainly say that one of his British capitalists was believing, "Are we all talking the same language here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former firm official. What does it do if Congress maintains running up against a last-minute reauthorization? In this instance it would be, I assume, September of next year, September of 2012. What does that do to a company attempting to administer a program if Congress waits up until the last couple of days to reauthorize it? What is the useful result? Mr.

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I indicate, the company effectively is-- USCIS is a fee-funded firm, so it is basically type of running a company and has to cover its expenses with the income that here are the findings is generated. To run this program correctly, USCIS requires to staff up in a big method, dealing with the quantity that is already there and expecting the enhanced volume of more investment as we get even near fifty percent of the 10,000 visas that are readily available in this group.

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I suggest, that has reached seem like a contrasting why not check here situation, and you would visualize that it is going to hold somebody back. Now, I am not stating that they are keeping back, and I recognize that they are attempting to staff up because I am sure they believe and hope that the program will be reauthorized for the benefit of the Country.


And is that actually where they are mosting likely to have the ability to spend their time and sources in attempting to clean up the rules of this program to ensure that everybody understands whether they can certify or otherwise and which sort of tasks are mosting likely to certify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, yet we have the State federal government entailed with the Vermont Regional Facility. Does that include benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the regional facility manager, and web really I think you would call it the owner of the regional facility, has actually been an incredible advantage.