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


Legislator Grassley. Thank you, Mr. Chairman. I want to have a second round. Chairman Leahy. Certainly. Allow me simply ask, Mr. Divine, you hear this objection that the cash just has to stay invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a hotel, as I was starting to clarify earlier, the programmer of that job would have to be able to locate someone to get the hotel or would need to have the ability to locate someone to refinance it with other money.






It is not any type of much easier necessarily than when it was in the problems that caused the foreign investors being the best alternative for financing things in the first place. Hey, if it is a successful task, it makes cash, and it can be offered, I do not see any type of reason why the task should not be able to be marketed and for the investor to be able to realize the return of his investment, possibly get on his financial investment, just like every various other investor.

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If you have a task that is funded straight via the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I believe what we need to understand additionally is that the situation that is being cited as proof that sometimes these tasks have actually employed an unauthorized worker is one in which USCIS did some kind of checking and established that the employee was not authorized and stopped it.


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

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


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in firm isImpact USCIS is a fee-funded agency, firm it is essentially kind of running a business and has to cover its expenses with costs income that is generated. To run this program properly, USCIS needs to staff up in a huge means, dealing with the volume that is already there and anticipating the enhanced quantity of more financial investment as we get even close to fifty percent of the 10,000 visas that are available in this group.

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I indicate, that has actually reached feel like a clashing circumstance, and you would certainly picture that it is going to hold somebody back. Currently, I am not claiming that they are keeping back, and I know that they are trying to staff up since I make sure they think and hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are mosting my site likely to have the ability to spend their time and sources in trying to clear the guidelines of this program to make sure that everyone recognizes whether they can qualify or not and which kinds of projects are going to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State government involved with the Vermont Regional. Does that include advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the regional center administrator, and actually I presume you would certainly call it the proprietor of the page local facility, has actually been a significant advantage.