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The law says you have actually got to spend for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any research study on just how much money stays past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would certainly like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this objection that the money just needs to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If cash obtains put right into a resort, as I was starting to explain earlier, the developer of that task would certainly need to have the ability to find somebody to acquire the resort or would need to have the ability to find someone to re-finance it with other money.






It is none less complicated necessarily than when it was in the conditions that caused the foreign investors being the best alternative for financing the important things to begin with. However, hi, if it is an effective task, it earns money, and it can be marketed, I do not see any kind of reason that the project ought to not be able to be offered and for the capitalist to be able to recognize the return of his investment, possibly obtain on his financial investment, much like every other financier.

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If you have a job that is funded straight with the Immigrant Investor Program and it is thought to be utilizing undocumented employees, Migration and Customs Enforcement could explore the company, could they not? Mr. Divine. They could. I mean, I assume what we need to realize additionally is that the situation that is being cited as proof that occasionally these jobs have hired an unauthorized employee is one in which USCIS did some sort of checking and figured out that the worker was not licensed and stopped it.


Mr. Divine. Every one of these companies is required to complete the I-9 type, however USCIS goes an action additionally and does a check of some kind that led to the instance that has actually been mentioned. I am not a witness here, however 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, instance out obtain inside the Beltway and go up there and talk with chat of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in effect isResult USCIS is a fee-funded agency, so it is essentially kind of running a business and organization to cover its expenses with expenditures income that earnings generated. To run this program appropriately, USCIS requires to staff up in a large method, dealing with the quantity that is currently there and anticipating the raised volume of more financial investment as we get also close to fifty percent of the 10,000 visas that are offered in this classification.

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I mean, that has actually reached seem like a clashing scenario, and you would visualize that it is mosting likely to hold somebody back. Currently, I am not stating that they are holding back, and I know that they are trying to staff up due to the fact that I am certain they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that truly where they are going to have the ability to invest their time and resources in trying to clean up the policies of this program to ensure that everyone knows whether they can qualify or website otherwise and which kinds of projects are going to qualify and so forth? We require that consistently.


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