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Yet the regulation claims you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a question: Have you done any kind of research on how much cash remains beyond the 2 years? And the response was no


Legislator Grassley. Thank you, Mr. Chairman. I would certainly such as to have a 2nd round. Chairman Leahy. Absolutely. Let me just ask, Mr. Divine, you hear this criticism that the cash only has to stay spent for 2 years. Has that been your experience? Mr. Divine. If money gets placed right into a hotel, as I was starting to describe earlier, the developer of that project would have to have the ability to discover someone to get the resort or would certainly need to be able to locate someone to refinance it with various other cash.






It is not any kind of much easier necessarily than when it was in the conditions that resulted in the foreign investors being the best alternative for financing things in the first area. Hey, if it is an effective job, it makes money, and it can be sold, I do not see any type of reason why the project ought to not be able to be offered and for the financier to be able to realize the return of his investment, perhaps get on his financial investment, just like every various other investor.

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If you have a task that is moneyed directly with the Immigrant Financier Program and it is thought to be utilizing undocumented employees, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Chairman Leahy. That would be the exact same with any type of business. Mr. Divine. Every one of these companies is required to finish the I-9 kind, yet USCIS goes an action better and does a check of some kind that led to the case that has actually been mentioned. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I imply, I advise that every one of you really-- Mr. North, in your case, get out from inside the Beltway and increase there and chat with several of these individuals. For one point, you do not have way too many illegal aliens who rather have the Vermont accent you listen to around there, especially when they talk regarding their grandparents who live there, and parents and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, imply agency in effect isImpact USCIS is a fee-funded agency, company it is essentially kind of running a business and company to cover its expenses with costs income that revenue generated. To run this program properly, USCIS requires to staff up in a huge way, dealing with the quantity that is currently there and preparing for the increased volume of even more financial investment as we obtain even close to half of the 10,000 visas that are available in this category.

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I indicate, that has actually reached seem like a clashing situation, EB5 Regional Center Program and you would envision that it is going to hold somebody back. Currently, I am not stating that they are keeping back, and I know that they are trying to staff up since I am certain they believe and wish that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to be able to invest their time and sources in attempting to improve the regulations of this program to ensure that everyone knows whether they can qualify or otherwise and which kinds of projects are mosting likely to certify and so forth? We need that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, yet we have the State government involved with the Vermont Regional Facility. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local facility administrator, and actually I think you would certainly call it the proprietor of the regional center, has been a tremendous benefit.