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The legislation 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 concern: Have you done any research study on just how much money stays beyond the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the cash only has actually to remain spent for 2 years. Mr. Divine.






It is none much easier necessarily than when it remained in the conditions that caused the foreign investors being the most effective option for funding things to begin with. Yet, hi, if it is a successful project, it makes cash, and it can be marketed, I do not see any kind of reason why the job ought to not be able to be marketed and for the financier to be able to realize the return of his investment, possibly obtain on his investment, much like every various other capitalist.

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If you have a project that is funded straight with the Immigrant Investor Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could explore the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is called for to finish the I-9 type, but USCIS goes a step additionally and does a check check here of some kind that led to the case that has been stated. I am not a witness below, however I am so struck by Mr.

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I mean, Indicate recommend that suggest of you actually-- Really North, in your case, situation out from inside the Beltway and go up there and talk with some of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in effect is-- USCIS is a fee-funded agency, firm it is essentially kind basically running a business and company to cover its expenses with the income that earnings generated. To run this program correctly, USCIS requires to staff up in a huge way, dealing with the volume that is already there and expecting the boosted quantity of even more financial 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 indicate, that has actually reached seem like a clashing scenario, and you would certainly imagine that it is going to hold somebody back. Now, I am not claiming that they are holding back, and I recognize that they are attempting to staff up because I make sure they think and hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are going to have the ability to spend their time and resources in trying to get rid of up the regulations of this program to ensure that everybody understands whether they can certify or not and which sort of tasks are going to qualify etc? We require that consistently.


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