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Yet the legislation claims you have actually got to invest for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any type of research on exactly how much money remains past 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 objection that the cash only needs to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a hotel, as I was beginning to explain earlier, the programmer of that task would certainly have to have the ability to discover somebody to get the resort or would certainly have to be able to locate somebody to re-finance it with various other money.






It is not any kind of much easier necessarily than when it was in the conditions that caused the international capitalists being the very best choice for funding things in the very first location. However, hey, if it is a successful task, it generates income, and it can be offered, I do not see any kind of reason the job need to not be able to be marketed and for the capitalist to be able to realize the return of his financial investment, maybe acquire on his financial investment, simply like every other investor.

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If you have a project that is funded directly via the Immigrant Financier Program and it is thought to be using undocumented employees, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine. They could. I imply, I think what we require to understand additionally is that the case that is being pointed out as evidence that in some cases these projects have worked with an unapproved worker is one in which USCIS did some sort of checking and identified that the worker was not accredited and quit it.


Mr. Divine. Every one of these companies is called for to complete the I-9 form, yet USCIS goes an action additionally and does a check of some kind that led to the situation that has been mentioned. I am not a witness right here, but I am so struck by Mr.

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


They will certainly state, "We have obtained concerning 9 of us right here, and we have actually been here because 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not fairly what an unlawful immigrant could be stating. Actually, I believe Mr. Stenger would state that one of his British capitalists was assuming, "Are all of us speaking the same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former agency authorities. What does it do if Congress maintains tasting a last-minute reauthorization? In this case it would certainly be, I think, September of following year, September of 2012. What does that do to a company trying to administer a program if Congress waits till the last couple of days to reauthorize it? What is the functional result? Mr.

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I mean, the agency in result is-- USCIS is a fee-funded firm, so it is basically kind of running a company and needs to cover its costs with the revenue that is produced. To run this program correctly, USCIS requires to staff up in a big means, managing the volume that is already there and expecting the increased quantity of more investment as we obtain even near half of the 10,000 visas that are available in this classification.

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I mean, that has reached seem like a conflicting situation, and you would certainly imagine that it is going to hold somebody back. Currently, I am not claiming that they are holding back, and I know that they are trying to staff up since I make sure they think and really hope that the program will certainly be reauthorized for the benefit of the Country.


And is that really where they are mosting likely to be able to invest their time and resources in trying to clean up the rules of this program so that everyone knows whether they can certify or not and which kinds of jobs are going to certify etc? We require that click here continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once more, a tiny State, however we have the State federal government included with the Vermont Regional Facility. Does that include benefits to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the regional center manager, and really I guess you would call it the proprietor of the local center, has been a significant benefit.