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The regulation says you have actually obtained to spend for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences put on by USCIS, I asked a concern: Have you done any study on how much cash remains beyond the 2 years? And the answer was no


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

It is none much easier always than when it remained in the problems that brought about the international financiers being the very best option for funding the important things in the very first area. Yet, hello, if it is a successful project, it earns money, and it can be marketed, I do not see any type of reason the project need to not be able to be offered and for the investor to be able to recognize the return of his investment, perhaps get on his financial investment, similar to every various other capitalist.

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If you have a project that is funded directly with the Immigrant Financier Program and it is thought to be utilizing undocumented workers, Migration and Traditions Enforcement could check out the company, could they not? Mr. Divine. They could. I mean, I think what we need to recognize also is that the case that is being cited as evidence that occasionally these jobs have actually hired an unapproved worker is one in which USCIS did some kind of checking and identified that the worker was not accredited and stopped it.


Mr. Divine. Every one of these employers is required to complete the I-9 kind, yet USCIS goes a step better and does a check of some kind that led to the case that has actually been mentioned. I am not a witness here, however I am so struck by Mr.

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

They will certainly say, "We have actually got regarding nine people right here, and we have actually been right here because 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not fairly what an illegal alien may be saying. As a matter of fact, I believe Mr. Stenger would certainly claim that of his British capitalists was thinking, "Are we all talking the same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former agency official. What does it do if Congress maintains running up against a final reauthorization? In this situation it would be, I believe, September of following year, September of 2012. What does that do to a firm trying to carry out a program if Congress waits until the last few days to reauthorize it? What is the useful effect? Mr.

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I suggest, the firm essentially is-- USCIS is a fee-funded company, so it is basically type of running an organization and needs to cover its expenditures with the income that is produced. To run this program properly, USCIS requires to staff up in a big way, handling the volume that is currently there and anticipating the enhanced quantity of more financial investment as we obtain also near fifty percent of the 10,000 visas that are readily available in this category.

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I suggest, that has obtained to seem like a clashing situation, click here and you would certainly think of that it is going to hold somebody back. Currently, I am not stating that they are holding back, and I understand that they are attempting to staff up due to the fact that I am sure they think and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that truly where they are going to be able to spend their time and sources in trying to remove up the rules of this program so that everybody recognizes whether they can certify or otherwise and which sort of projects are mosting likely to qualify and so forth? We require that constantly.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State federal government involved with the Vermont Regional. Mr. Stenger.