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The law states you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders conferences put on by USCIS, I asked an inquiry: Have you done any research on exactly how much money remains past the 2 years? And the response was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this objection that the cash just has actually to stay spent for 2 years. Mr. Divine.






It is none simpler always than when it remained in the conditions that caused the foreign financiers being the finest option for funding things in the first area. Yet, hey, if it is a successful task, it generates income, and it can be marketed, I do not see any kind of reason why the job must not be able to be offered and for the capitalist to be able to understand the return of his investment, maybe get on his investment, similar to every various other investor.

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If you have a job that is moneyed directly with the Immigrant Capitalist Program and it is believed to be utilizing undocumented employees, Immigration and Traditions Enforcement could investigate the employer, could they not? Mr. Divine. They could. I suggest, I assume what we need to recognize additionally is that the instance that is being pointed out as proof that in some cases these tasks have actually worked with an unauthorized employee is one in which USCIS did some type of checking and established that the worker was not licensed and quit it.


Chairman Leahy. That would certainly be the same with any type of firm. Mr. Divine. Each of these companies is called for to finish the I-9 form, however USCIS goes a step further and does a check of some kind that resulted in the case that has actually been discussed. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I suggest, I advise that all of you actually-- Mr. North, in your instance, obtain out from inside the Beltway and go up there and speak with a few of these individuals. For something, why not try here you do not have a lot of illegal immigrants that fairly have the Vermont accent you hear around there, especially when they speak about their grandparents who live there, and moms and dads and so on.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in company is-- USCIS is a fee-funded agency, company it is essentially kind basically running a business and has to cover its expenses with expenditures income that is generated. To run this program appropriately, USCIS requires to staff up in a huge method, dealing with the quantity that is already there and preparing for the boosted quantity of more investment as we obtain even close to half of the 10,000 visas that are offered in this classification.

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I mean, that has actually got to feel like a contrasting situation, and you would imagine that it is going to hold somebody back. Currently, I am not stating that they are holding back, and I know that they are attempting to staff up due to the fact that I make certain they believe and wish that the program will be reauthorized for the advantage of the Country.


And read the full info here is that really where they are mosting likely to be able to invest their time and sources in attempting to improve the policies of this program to make sure that everybody recognizes try this site whether they can qualify or not and which sort of tasks are mosting likely to qualify and so forth? We need that continually.


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