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The law states you have obtained to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research on exactly how much cash stays beyond the 2 years? And the response was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this criticism that the cash only has actually to continue to be spent for 2 years. Mr. Divine.






It is none much easier always than when it was in the problems that resulted in the foreign investors being the very best alternative for financing things in the very first location. However, hi, if it is an effective task, it makes money, and it can be offered, I do not see any type of reason that the project should not be able to be offered and for the capitalist to be able to recognize the return of his investment, perhaps obtain on his financial investment, similar to every other financier.

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If you have a task that is funded directly via the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine. They could. I indicate, I think what we need to recognize likewise is that the instance that is being cited as evidence that sometimes these projects have actually worked redirected here with an unauthorized employee is one in which USCIS did some kind of monitoring and figured out that the worker was not authorized and stopped it.


Mr. Divine. Every one of these companies is called for to complete the I-9 type, yet USCIS goes a step additionally and does a check of some kind that led to the instance that has been stated. I am not a witness here, yet I am so struck by Mr.

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I mean, Indicate recommend that all of you actually-- Mr. North, in your case, situation out from inside the Beltway and go up there and talk with speak of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in company isImpact USCIS is a fee-funded agency, firm it is essentially kind of running a business and company to cover its expenses with costs income that earnings generated. To run this program properly, USCIS needs to staff up in a large method, dealing with the quantity view it that is already there and expecting the boosted volume of more investment as we obtain even close to half of the 10,000 visas that are readily available in this group.

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I imply, that has reached really feel like a contrasting circumstance, and you would picture that it is going to hold somebody back. Now, I am not saying that they are holding back, and I check over here understand that they are attempting to staff up since I am certain they think and wish that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are mosting likely to have the ability to spend their time and resources in trying to clear up the guidelines of this program so that everybody knows whether they can qualify or not and which kinds of projects are going to certify etc? We require that continually.


And, Mr. Stenger, we in Vermont-- once more, a tiny State, yet we have the State federal government included with the Vermont Regional. Mr. Stenger.