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The regulation says you have actually got to invest 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 research study on just how much money stays past the 2 years? And the answer was no


Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this criticism that the money just has actually to stay invested for 2 years. Mr. Divine.

It is not any type of less complicated necessarily than when it remained in the problems that resulted in the international financiers being the most effective alternative for funding things in the initial location. Hello, if it is an effective job, it makes money, and it can be marketed, I do not see any type of factor why the job should not be able to be marketed and for the capitalist to be able to recognize the return of his investment, possibly get on his financial investment, simply like every other investor.

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If you have a job that is funded straight via the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I suggest, I assume what we need to realize also is that the case that is being pointed out as proof that occasionally these tasks have hired an unapproved worker is one in which USCIS did some kind of monitoring and established that the employee was not licensed and stopped it.


Mr. Divine. Every one of these employers is called for to complete the I-9 kind, but USCIS goes a step additionally and does a check of some kind that led to the case that has been pointed out. I am not a witness below, 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, get out from inside the Beltway and go up there and talk with some of these people.

They will certainly state, "We have obtained regarding 9 of us here, and we have actually been here because 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not quite what an unlawful immigrant could be claiming. In truth, I think Mr. Stenger would certainly say that one of his British capitalists was believing, "Are most of us talking the same language below?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former firm official. What does it do if Congress keeps tasting a last-minute reauthorization? In this case it would be, I assume, September of next year, September of 2012. What does that do to a firm trying to carry out a program if Congress waits until the last couple of days to reauthorize it? What is the useful result? Mr.

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I imply, the company basically is-- USCIS is a fee-funded agency, so it is more info essentially kind of running a service and needs to cover its expenditures with the revenue that is generated. To run this program correctly, USCIS needs to staff up in a huge method, managing the volume that is already there and expecting the raised quantity of even more financial investment as we get back at near to fifty percent of the 10,000 visas that are readily available in this category.

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I indicate, that has actually reached feel like a conflicting scenario, and you would certainly think of that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I understand that they are attempting to staff up because I am sure they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are going to be able to invest their time and resources in trying to improve the policies of this program to make sure that everyone recognizes whether they can certify or not and which type of jobs are mosting likely to certify etc? We require that consistently.


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