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However the law says you have got to invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any kind of study on just how much cash remains past the 2 years? And the solution was no


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






It is not any type of much easier necessarily than when it remained in the conditions that brought about the international financiers being the very best alternative for financing things in the very first area. Yet, hi, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason the task ought to not have the ability to be sold and for the investor to be able to understand the return of his investment, perhaps gain on his investment, just like every various other investor.

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If you have a task that is moneyed directly via the Immigrant Financier Program and it is thought to be using undocumented workers, Immigration and Traditions Enforcement could examine the company, could they not? Mr. Divine.


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

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


They will certainly state, "We have got regarding 9 people below, and we have actually been here since 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not rather what an unlawful immigrant may be stating. I think Mr. Stenger would state that one of his British capitalists was thinking, "Are we all speaking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous company official. What does it do if Congress keeps running up versus a last-minute reauthorization? In this situation it would certainly be, I think, September of next year, September of 2012. What does that do to a firm attempting to administer a program if Congress waits up until the last couple of days to reauthorize it? What is the practical impact? Mr.

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I mean, the agency basically is-- USCIS is a fee-funded agency, so it is essentially kind of running a business and has to cover its expenses with the income that is generated. To run this program correctly, USCIS needs to staff up in a big method, managing the quantity that is currently there and preparing for the raised quantity of even more investment as we get also near fifty percent of the 10,000 visas that are offered in this classification.

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I indicate, that has actually reached seem like a conflicting scenario, and you would visualize that it is mosting likely to hold someone back. Now, I am not claiming that they are keeping back, and I know that they are attempting to staff up due to the fact that I am sure they believe and hope 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 clean up the policies of this program to make sure that everyone recognizes whether they can certify or otherwise and which type of tasks are mosting likely to certify etc? We require that consistently.


And, Mr. Stenger, we in Vermont-- EB5 Regional Center Program again, a little State, but we have the State federal government entailed with the Vermont Regional. Mr. Stenger.