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The legislation states you have actually obtained to spend 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 just how much cash stays past the 2 years? And the solution was no

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




It is none much easier necessarily than when it was in the problems that brought about the foreign investors being the most effective choice for financing the thing to begin with. Hello, if it is an effective project, it makes cash, and it can be sold, I do not see any kind of reason why the task ought to not be able to be marketed and for the financier to be able to understand the return of his investment, possibly acquire on his financial investment, just like every other capitalist.

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If you have a task that is moneyed directly through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine.

Chairman Leahy. But that would certainly coincide with any firm. Mr. Divine. Every one of these companies is needed to finish the I-9 type, but USCIS goes a step further and does a check of some kind that caused the situation that has been stated. Chairman Leahy. I am not a witness below, however I am so struck by Mr.

I mean, I suggest that all of you in fact-- Mr. North, in your instance, venture out from inside the Beltway and rise there and speak with several of these people. For one point, you do not have way too many illegal aliens who rather have the Vermont accent you listen to around there, especially when they discuss their grandparents that live there, and moms and dads and so on.

Mr.

I asked Mr. Stenger this. Mr.

I mean, the agency in firm is-- USCIS is a fee-funded agency, firm it is essentially kind basically running a business and has to cover its expenses with the income that revenue generated. To run this program appropriately, USCIS requires to staff up in a large way, dealing with the volume that is currently there and preparing for the enhanced quantity of even more investment as we get even close to fifty percent of the 10,000 visas that are offered in this category.

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I mean, that has reached seem like a read contrasting scenario, and you would certainly visualize that it is mosting likely to hold someone back. Now, I am not claiming that they are holding back, and I understand that they are trying to staff up because I make sure they think and hope that the program will be reauthorized for the advantage of the Country.

And is that actually where they are mosting likely to have the ability to invest their time and resources in attempting to remove up the regulations of this program so that everybody understands whether they can qualify or otherwise and which sort of tasks are mosting likely to qualify and so forth? We require that constantly.

And, Mr. Stenger, we in Vermont-- once more, a little State, but we view have the State government included with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the company website local center manager, and in fact I presume you would certainly call it the owner of the local facility, has been a remarkable benefit.

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