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The regulation claims you have 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 kind of study on how much money remains beyond the 2 years? And the response was no


Legislator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this objection that the cash only has to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If money obtains taken into a hotel, as I was beginning to explain earlier, the programmer of that task would certainly have to have the ability to discover somebody to acquire the hotel or would need to have the ability to find someone to re-finance it with other money.






It is none easier necessarily than when it remained in the problems that led to the foreign capitalists being the most effective option for funding the thing to begin with. Yet, hi there, if it is an effective task, it generates income, and it can be offered, I do not see any reason why the job must not have the ability to be marketed and for the investor to be able to recognize the return of his investment, maybe get on his financial investment, much like every various other investor.

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If you have a check here project that is funded straight via 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.


Mr. Divine. Every one of these companies is required to finish the I-9 form, however USCIS goes an action additionally and does a check of some kind that led to the situation that has actually been pointed out. I am not a witness right here, yet I am so struck by Mr.

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I mean, Indicate recommend that all of you actually-- In fact North, in your case, instance out obtain inside the Beltway and go up there and talk with speak of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in company isImpact USCIS is a fee-funded agency, so it is essentially kind basically running a business and organization to cover its expenses with the income that is generated. To run this program correctly, USCIS requires to staff up in a large method, dealing with the volume that is currently there and expecting the increased volume of even more investment as we obtain even close to fifty percent of the 10,000 visas that are offered in this category.

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I mean, that has obtained to really feel like a conflicting situation, and you would certainly envision that it is mosting likely to hold somebody back. Now, I am not saying that they are keeping back, and I know that they are attempting to staff up since I make sure they think and really hope that the program will certainly be reauthorized for the benefit of the Country.


And is that really where they are going to have the ability to spend their time and sources in attempting to clean up the rules of this program so that everyone recognizes whether they can certify or not and which sort of tasks are going to qualify etc? We need that continually.


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