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The legislation claims you have actually obtained 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 an inquiry: Have you done any kind of study on just how much cash remains past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the cash just needs to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash gets put into a resort, as I was starting to clarify earlier, the programmer of that job would have to be able to locate someone to acquire the resort or would have to have the ability to locate someone to re-finance it with other money.






It is none simpler necessarily than when it remained in the conditions that brought about the foreign investors being the ideal choice for funding the important things to begin with. But, hi, if it is a successful task, it earns money, and it can be marketed, I do not see any kind of reason that the task must not have the ability to be offered and for the financier to be able to recognize the return of his investment, perhaps gain on his financial investment, just like every other financier.

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If you have a task that is funded directly with the Immigrant Financier Program and it is thought to be using undocumented employees, Immigration and Customs Enforcement could check out the company, could they not? Mr. Divine. They could. I indicate, I assume what we require to recognize likewise is that the case that is being cited as evidence that sometimes these tasks have actually worked with an unauthorized worker is one in which USCIS did some sort of monitoring and figured out that the employee was not accredited and quit it.


Mr. Divine. Every one of these employers is called for to finish the I-9 form, yet USCIS goes an action better and does a check of some kind that led to the situation 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, Indicate recommend that advise of you actually-- Really North, in your case, get out from inside the Beltway and go up there and talk with speak of these people.


They will state, "We have obtained about nine people right here, and we have actually been right here since 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal immigrant could be saying. As a matter of fact, I assume Mr. Stenger would say that one of his British investors was believing, "Are we all speaking the very same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former company official. What does it do if Congress keeps tasting a final reauthorization? In this situation it would certainly be, I assume, September of next year, September of 2012. What does that do to a company trying to carry out a program if Congress waits up until the last few days to reauthorize it? What is the sensible result? Mr.

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I imply, the firm in effect is-- USCIS is a fee-funded agency, so it is essentially type of running an organization and needs to cover its expenses with the income that is created. To run this program correctly, USCIS requires to staff up in a huge method, dealing with the quantity that is currently there and expecting the raised quantity of even more investment as we get back at near fifty percent of the 10,000 visas that are offered in this category.

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I suggest, that has actually got to feel like a contrasting situation, and you would certainly visualize 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 trying to staff up because I make sure they believe and hope that the program will be reauthorized for the benefit of the Country.


And is that really where they are going to have the ability to invest their time and resources in trying to clear the guidelines of this program to make sure that everyone knows whether they can certify or otherwise and which kinds of jobs are going to qualify etc? We require that consistently.


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