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Yet the law says you have reached invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any kind of research study on exactly how much money remains 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 just has actually to continue to be invested for 2 years. Mr. Divine.






It is none much easier always than when it remained in the conditions that brought about the foreign financiers being the most effective alternative for financing the point in the very first place. However, hey, if it is a successful project, it earns money, and it can be offered, I do not see any kind of reason the job ought to not have the ability to be marketed and for the financier to be able to recognize the return of his investment, possibly acquire on his investment, simply like every other financier.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a project that is moneyed directly via the Immigrant Investor Program and it is believed to be employing undocumented employees, Migration and Traditions Enforcement could examine the employer, could they not? Mr. Divine. They could. I suggest, I think what we require to recognize also is that the case that is being pointed out as proof that often these jobs have actually worked with an unauthorized worker is one in which USCIS did some kind of monitoring and determined that the worker was not accredited and stopped it.


Chairman Leahy. That would be the same with any kind of company. Mr. Divine. Each of these companies is needed to complete the I-9 type, but USCIS goes a step additionally and does a check of some kind that caused the situation that has been pointed out. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I indicate, I recommend that all of you really-- Mr. North, in your situation, get out from inside the Beltway and increase there and talk with a few of these individuals. For one point, you do not have a lot of prohibited immigrants who rather have the Vermont accent you hear around there, specifically when they discuss their grandparents that live there, and moms and dads and so forth.


EB5 Regional Center ProgramEB5 Regional Center Program
They will say, "We have actually got about nine of us below, and we have been below given that 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal alien could be stating. In fact, I assume Mr. Stenger would claim that of his British financiers was assuming, browse around this site "Are all of us talking the exact same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous agency authorities. What does it do if Congress keeps meeting a last-minute reauthorization? In this instance it would be, I assume, September of next year, September of 2012. What does that do to an agency attempting to carry out a program if Congress waits up until the last few days to reauthorize it? What is the useful result? Mr.


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I indicate, the firm basically is-- USCIS is a fee-funded company, so it is essentially type get more of running a company and needs to cover its expenditures with the income that is produced. To run this program appropriately, USCIS needs to staff up in a big means, dealing with the quantity that is already there and preparing for the raised quantity of even more investment as we get back at close to fifty percent of the 10,000 visas that are available in this classification.


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I imply, that has actually got to feel like a clashing situation, and you would envision that it is mosting likely to hold somebody back. Now, I am not stating that they are keeping back, and I recognize that they are attempting to staff up because I make sure they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that really where they are going to have the ability to spend their time and resources in attempting to clear the regulations of this program so that everybody knows whether they can Recommended Reading qualify or not and which type of jobs are mosting likely to certify etc? We require that continually.


And, Mr. Stenger, we in Vermont-- again, a little State, however we have the State federal government involved with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center manager, and actually I think you would call it the owner of the regional facility, has actually been a remarkable benefit.

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