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Yet the law says you have reached spend for 2 years which is all. Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any study on just how much money remains past the 2 years? And the answer was no

Legislator Grassley. Thank you, Mr. Chairman. I would love to have a second round. Chairman Leahy. Definitely. Let me simply ask, Mr. Divine, you hear this objection that the money only needs to stay invested for 2 years. Has that been your experience? Mr. Divine. If cash gets put into a hotel, as I was starting to describe earlier, the developer of that job would have to have the ability to discover someone to buy the resort or would certainly have to have the ability to discover somebody to re-finance it with other money.




It is none less complicated always than when it was in the conditions that brought about the foreign financiers being the most effective option for funding the important things to begin with. Hi, if it is an effective task, it makes cash, and it can be marketed, I do not see any type of factor why the project should not be able to be sold and for the investor to be able to understand the return of his financial investment, perhaps get on his investment, just like every various other capitalist.

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If you have a job that is moneyed directly through the Immigrant Capitalist Program and it is believed to be using undocumented workers, Immigration and Traditions Enforcement could examine the company, could they not? Mr. Divine.

Mr. Divine. Every one of more info these companies is required to complete the I-9 kind, yet USCIS goes a step additionally and does a check of some kind that led to the case that has been stated. I am not a witness here, however I am so struck by Mr.

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I mean, Imply recommend that advise of you actually-- Really North, in your case, get out from inside the Beltway and go up there and talk with chat of these people.

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 service to cover its expenses with expenditures income that is generated. To run this program properly, USCIS needs to staff up in a big means, dealing with the volume that is already there and preparing for the enhanced quantity of more financial investment as we get also close to half of the 10,000 visas that are available in this group.

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I suggest, that has actually got to really feel like a clashing situation, and you would imagine that it is going to hold somebody back. Currently, I am not stating that they are keeping back, and I recognize that they are trying to staff up due to the fact that I make certain they believe and hope that the program will be reauthorized for the benefit of the Nation.

And is that actually where they are mosting likely to be able to invest their time and sources in attempting to get rid of up the rules of this program to ensure that everyone understands whether they can certify or otherwise and which sort of projects are going to qualify and so forth? We require that continually.

And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once more, a small State, however we have the State federal 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 really I presume you would call it the owner of the local center, has actually been a remarkable advantage.

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