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The legislation says you have actually got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings put on by USCIS, I asked a question: Have you done any kind of research on exactly how much cash remains beyond the 2 years? And the response was no


Thank you, Mr. Chairman. Allow me just ask, Mr. Divine, you hear this objection that the money just has actually to stay spent for 2 years. Mr. Divine.






It is not any type of much easier necessarily than when it was in the problems that brought about the foreign investors being the most effective choice for funding the important things in the initial location. Yet, hi, if it is a successful project, it generates income, and it can be offered, I do not see any reason the task must not have the ability to be sold and for the investor to be able to recognize the return of his financial investment, perhaps get on his investment, simply like every other financier.

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If you have a task that is funded straight with the Immigrant Financier Program and it is believed to be using undocumented workers, Migration and Customs Enforcement could investigate the company, could they not? Mr. Divine. They could. I indicate, I think what we require to recognize also is that the case that is being pointed out as evidence that sometimes these tasks have employed an unauthorized employee is one in which USCIS did some kind of monitoring and identified that the employee was not authorized and quit it.


Chairman Leahy. That would be the exact same with any business. Mr. Divine. Every one of these employers is called for to complete the I-9 type, yet USCIS goes a step even more and does a check of some kind that caused the instance that has actually been discussed. Chairman Leahy. I am not a witness here, however I am so struck by Mr.


I mean, I suggest that every one of you actually-- Mr. North, in your situation, venture out from inside the Beltway and go up there and speak with several of these people. For one point, you do not have also numerous prohibited immigrants who fairly have the Vermont accent you listen to around there, especially when they speak about their grandparents who live there, and moms and dads and so on.


They will certainly say, "We have obtained regarding nine of us below, and we have actually been below considering that 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what a prohibited immigrant could be saying. As a matter of fact, I think Mr. Stenger would state that one of his British capitalists was thinking, "Are all of us talking the exact same language here?" Mr.


I asked Mr. Stenger this. get more info Allow me ask you what your experience is as a previous agency authorities. What does it do if Congress keeps tasting a final reauthorization? In this case it would be, I assume, September of following year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last few days to reauthorize it? What is the functional result? Mr.

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I indicate, the firm effectively is-- USCIS is a fee-funded company, so it is basically kind of running a company and has to cover its costs with the earnings that is generated. To run this program correctly, USCIS needs to staff up in a big way, handling the volume that is already there and preparing for the increased quantity of more investment as we get back at close to half of the 10,000 visas that are available in this category.

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I indicate, that has got to feel like a contrasting situation, and you would certainly imagine that it is going to hold somebody back. Currently, I am not stating that they are keeping back, and I recognize that they are attempting to staff up due to the fact that I make certain they believe and really hope 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 improve the guidelines of this program to ensure that everyone understands whether they can qualify or not and which kinds of projects are going to certify etc? We require that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a little State, however we have the State government involved with the Vermont Regional Center. Does that add advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center administrator, and actually I guess you would call it the proprietor of the local center, has been a remarkable advantage.