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Yet the law says you have actually reached spend for 2 years and that is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any type of research study on just how much cash stays beyond the 2 years? And the answer was no


Senator Grassley. Thank you, Mr. Chairman. I want to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the money only has to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a resort, as I was starting to clarify earlier, the programmer of that project would certainly need to have the ability to locate somebody to get the resort or would certainly need to have the ability to discover somebody to re-finance it with various other money.






It is none easier always than when it was in the problems that resulted in the foreign capitalists being the finest option for funding the important things to begin with. Hey, if it is an effective task, it makes money, and it can be sold, I do not see any reason why the project ought to not be able to be sold and for the capitalist to be able to realize the return of his investment, possibly get on his investment, simply like every various other investor.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a job that is funded directly through the Immigrant Capitalist Program and it is thought to be employing undocumented workers, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine. They could. I mean, I assume what we require to realize also is that the situation that is being mentioned as evidence that sometimes these projects have actually hired an unapproved employee is one in which USCIS did some type of checking and established that the worker was not accredited and stopped it.


Chairman Leahy. That would certainly be the exact same with any firm. Mr. Divine. Every one of these companies is needed to finish the I-9 type, however USCIS goes a step additionally and does a check of some kind that caused the instance that has been pointed out. Chairman Leahy. I am not a witness here, however I am so struck by Mr.


I suggest, I recommend that all of you in fact-- Mr. North, in your case, get out from inside the Beltway and rise there and talk with a few of these individuals. For one point, you do not have way too many illegal aliens that rather have the Vermont accent you hear around there, specifically when they discuss their grandparents who live there, and moms and dads and more.


EB5 Regional Center ProgramEB5 Regional Center Program
Mr.


EB5 Regional Center ProgramEB5 Regional Center Program
I asked Mr. Stenger this. Mr.


I mean, suggest agency in company isResult USCIS is a fee-funded agency, company it is essentially kind basically running a business and company to cover its expenses with expenditures income that earnings generated. To run this program appropriately, USCIS needs to staff up in a large way, dealing with the volume that is already there and preparing for the increased quantity of even more investment as we obtain even close to half of the 10,000 visas that are offered in this classification.


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I mean, that has obtained to really feel like a conflicting situation, and you would imagine that it is going to hold someone back. Currently, I am not saying that they are holding back, and I understand that they are attempting to staff up due to the fact that I make certain they believe and really hope that the program will certainly be reauthorized for the website advantage of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and sources in trying to get rid of up the rules of this program to make sure that everyone recognizes whether they can certify or otherwise and which type of jobs are mosting likely to certify etc? We require that constantly.


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

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