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The legislation states you have 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 concern: Have you done any research study on just how much money remains beyond the 2 years? And the answer was no


Legislator Grassley. Thank you, Mr. Chairman. I wish to have a second round. Chairman Leahy. . Allow me just ask, Mr. Divine, you hear this criticism that the cash just has actually to stay invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a resort, as I was beginning to explain earlier, the designer of that job would need to have the ability to discover somebody to get the hotel or would certainly need to have the ability to discover somebody to refinance it with other money.






It is not any less complicated necessarily than when it remained in the conditions that led to the international capitalists being the most effective option for financing the thing to begin with. Hi, if it is a successful task, it makes cash, and it can be marketed, I do not see any factor why the task must not be able to be offered and for the financier to be able to recognize the return of his investment, maybe get on his financial investment, simply like every other investor.

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If you have a task that is funded straight via the Immigrant Investor Program and it is believed to be employing undocumented workers, Immigration and Customs Enforcement could check out the company, could they not? Mr. Divine.


Chairman Leahy. However that would be the exact same with any type of business. Mr. Divine. Every one of these employers is called for to complete the I-9 form, however USCIS goes a step better and does a check of some kind that led to the situation that has been pointed out. Chairman Leahy. I am not a witness below, however I am so struck by Mr.


I mean, I recommend that every one of you really-- Mr. North, in your case, obtain out from inside the Beltway and rise there and talk with several of these people. For one point, you do not have also many illegal immigrants who rather have the Vermont accent you hear around there, particularly when they chat concerning their grandparents who live there, and parents and so on.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in company 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 currently there and anticipating the boosted volume of more financial investment as we get even close to fifty percent of the 10,000 visas that are offered in this group.

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I suggest, that has reached seem like a clashing scenario, and you would visualize that it is going to hold somebody back. Now, I am not stating that they are holding back, and I recognize that they are attempting to staff up because I make certain they believe and really hope that the program will certainly be reauthorized for the benefit of the Nation.


And is that actually where they are going to be able to invest their time and sources in attempting to clear up the policies of this program so that everybody understands whether they can certify or not and which kinds of projects are going to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- once again, a tiny State, however we have the State government entailed with click here the Vermont Regional. Mr. Stenger.