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The legislation says you have obtained 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 an inquiry: Have you done any type of study on just how much money remains beyond the 2 years? And the answer was no


Senator Grassley. Thank you, Mr. Chairman. I would such as to have a 2nd round. Chairman Leahy. . Allow me simply 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 money gets taken into a hotel, as I was starting to describe earlier, the programmer of that job would have to be able to locate somebody to purchase the resort or would certainly have to be able to find someone to re-finance it with other money.






It is not any kind of less complicated necessarily than when it remained in the problems that resulted in the international investors being the best alternative for funding the thing to begin with. Hi there, if it is a successful task, it makes cash, and it can be offered, I do not see any factor why the job ought to not be able to be marketed and for the financier to be able to recognize the return of his financial investment, perhaps get on his financial investment, simply like every various other financier.

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If you have a task that is funded directly through the Immigrant Investor Program and it is thought to be using undocumented workers, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is required to finish the I-9 kind, but USCIS goes an action even more and does a check of some kind that led to the case that has been stated. I am not a witness right here, yet I am so struck by Mr.

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I mean, Imply recommend that all of you actually-- Mr. North, in your case, get out obtain inside the Beltway and go up there and talk with chat of these people.


Mr.


I navigate here asked Mr. Stenger this. Mr.


I mean, the agency in effect is-- USCIS is a fee-funded agency, company it is essentially kind basically running a business and organization to cover its expenses with costs income that earnings generated. To run this program appropriately, USCIS requires to staff up in a large means, dealing with the quantity that click for source is currently there and preparing for the increased volume of even more financial investment as we get even close to half of the 10,000 visas that are available in this classification.

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I imply, that has reached seem like a conflicting scenario, and you would certainly envision that it is going to hold somebody back. Now, I am not saying that they are keeping back, and I recognize that they are trying to staff up due to the fact that I am certain they believe and wish that the program will certainly be reauthorized for the benefit of the Country.


And is that truly where they are mosting likely to be able to invest their time and resources in attempting to clean up the rules of this program to ensure that everyone recognizes whether they can certify or otherwise and which sort of projects are mosting likely to qualify etc? We require that constantly.


And, Mr. Stenger, we in Vermont-- again, a little State, but we have the State federal look what i found government entailed with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility manager, and really I guess you would call it the proprietor of the local center, has been a tremendous advantage.