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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 place on by USCIS, I asked a concern: Have you done any research study on how much cash remains past the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the cash just has to stay spent for 2 years. Mr. Divine.






It is not any simpler necessarily than when it remained in the conditions that caused the international investors being the ideal choice for financing the important things in the first location. Hello, if it is a successful job, it makes cash, and it can be sold, I do not see any reason why the job must not be able to be offered and for the capitalist to be able to recognize the return of his investment, maybe obtain on his financial investment, simply like every various other financier.

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If you have a project that is funded straight with the Immigrant Capitalist Program and it is believed to be employing undocumented workers, Migration and Customs Enforcement could check out the employer, could they not? Mr. Divine. They could. I imply, I believe what we require to recognize also is that the situation that is being pointed out as evidence that often these projects have actually employed an unauthorized employee is one in which USCIS did some kind of monitoring and determined that the worker was not licensed and stopped it.


Chairman Leahy. That would certainly be the exact same with any kind of business. Mr. Divine. Every one of these employers is required to complete the I-9 kind, but USCIS goes a step additionally and does a check of some kind that resulted in the case that has actually been stated. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I mean, I recommend that every one of you actually-- Mr. North, in your case, venture out from inside the Beltway and rise there and speak with a few of these people. For one thing, you do not have a lot of illegal aliens that quite have the Vermont accent you hear around there, specifically when they talk regarding their grandparents that live there, and moms and dads and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in company isImpact USCIS is a fee-funded agency, company it is essentially kind basically running a business and company to cover its expenses with the income that earnings generated. To run this program properly, USCIS requires to staff up in a big way, dealing with the quantity that is already there and anticipating the raised quantity of even more financial investment as we obtain even close to half of the 10,000 visas that are readily available in this classification.

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I mean, that has reached really feel like a clashing situation, and you would certainly envision that it is going to click here hold someone back. Currently, I am not stating that they are holding back, and I know that they are trying to staff up since I make sure they think and hope that the program will be reauthorized for the advantage of the Nation.


And is that truly where they are mosting likely to have the ability to invest their time and sources in attempting to clear the regulations of this program to ensure that everyone understands whether they can certify or not and which type of tasks are going to qualify 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.