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The law says you have got to spend 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 question: Have you done any kind of study on just how much cash stays beyond the 2 years? And the answer was no


Senator Grassley. Thanks, Mr. Chairman. I would certainly like to have a second round. Chairman Leahy. . Let me simply ask, Mr. Divine, you hear this objection that the money just needs to stay spent for 2 years. Has that been your experience? Mr. Divine. If money obtains put into a hotel, as I was beginning to clarify earlier, the programmer of that job would have to be able to find somebody to buy the hotel or would certainly have to be able to locate someone to refinance it with various other cash.






It is not any less complicated always than when it remained in the conditions that led to the international investors being the very best choice for funding the important things to begin with. But, hi, if it is a successful task, it generates income, and it can be offered, I do not see any reason the task should not be able to be offered and for the capitalist to be able to realize the return of his financial investment, perhaps gain on his financial investment, just like every various other investor.

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If you have a job that is funded straight with the Immigrant Financier Program and it is thought to be utilizing undocumented employees, Migration and Customs Enforcement could check out the employer, could they not? Mr. Divine. They could. I suggest, I believe what we require to recognize also is that the instance that is being mentioned as evidence that sometimes these tasks have actually employed an unauthorized worker is one in which USCIS did some more info type of checking and determined that the worker was not authorized and quit it.


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

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


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in firm isImpact USCIS is a fee-funded agency, firm it is essentially kind of running a business and organization to cover its expenses with costs income that revenue generated. To run this program correctly, USCIS requires to staff up in a big means, dealing with the volume that is already there and anticipating the boosted volume of more financial investment as we get also close to half of the 10,000 visas that are readily available in this classification.

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I suggest, that has actually reached seem like a conflicting circumstance, and you would imagine that it is mosting likely to hold someone back. Currently, I am not claiming that they are keeping back, and I know that they are attempting to staff up due to the fact that I am certain they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and sources in attempting to clean up the policies of this program to make sure that everybody understands whether they can certify or otherwise and which sort of tasks are going to certify etc? We require that constantly.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, yet we have the State government involved with the Vermont Regional Center. Does that include advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility administrator, and in fact I presume you would certainly call it the owner of the regional facility, has actually been an incredible benefit.