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The law says you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings put on by USCIS, I asked an inquiry: Have you done any kind of research study on just how much cash stays past 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 only has 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 investors being the most effective choice for financing things to begin with. Hey, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason why the project should not be able to be marketed and for the financier to be able to realize the return of his financial investment, possibly obtain on his investment, simply like every various other capitalist.

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If you have a job that is moneyed straight with the Immigrant Capitalist Program and it is believed to be utilizing undocumented workers, Migration and Customs Enforcement could explore the company, could they not? Mr. Divine. They could. I imply, I assume what we need to recognize likewise is that the instance that is being pointed out as proof that often these tasks have actually employed an unauthorized worker is one in which USCIS did some type of monitoring and identified that the worker was not accredited and stopped it.

Mr. Divine. Every one of these employers is called for to finish the I-9 form, yet USCIS goes a step further and does a check of some kind that led to the instance that has been mentioned. I am not a witness here, but 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 from inside the Beltway and go up there and talk with speak of these people.

They will state, "We have obtained concerning nine people below, and we have been below since 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what a prohibited immigrant may be saying. I think Mr. Stenger would certainly claim that one of his British financiers was thinking, "Are we all speaking the very same language below?" Mr.

I asked Mr. Stenger this. Let me ask you what your experience is as a former company authorities. What does it do if Congress keeps meeting a final reauthorization? In this case it would be, I assume, September of next year, September of 2012. What does that do to a firm attempting to carry out a program if Congress waits till the last few days to reauthorize it? What is the sensible impact? Mr.

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I indicate, the company essentially is-- USCIS is a fee-funded company, so it is essentially sort of running a business and needs to cover its expenditures with the earnings that is produced. To run this program appropriately, USCIS requires to staff up website in a large way, taking care of the volume that is currently there and anticipating the raised volume of even more investment as we get also near fifty percent of the 10,000 visas that are available in this group.

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I indicate, that has obtained to feel like a contrasting situation, and you would certainly think of that it is going to hold someone back. Now, I am not claiming that they are holding back, and I recognize that they are attempting to staff up because I make certain they think and really hope that the program will be reauthorized for the benefit of the Nation.

And is that really where they are mosting likely to be able to spend their time and resources in trying to get rid of up the rules of this program to make sure that everyone recognizes whether they can certify or otherwise and which sort of jobs are mosting likely to qualify and so forth? We need that continually.

And, Mr. Stenger, we in Vermont-- again, a tiny State, yet we have the State federal government entailed with the Vermont Regional. Mr. Stenger.

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