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However the law says you have reached invest for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any research on just how much money stays beyond the 2 years? And the answer was no


Senator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the money just has actually to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If cash gets put right into a resort, as I was starting to discuss earlier, the programmer of that task would need to have the ability to find somebody to purchase the resort or would certainly have to be able to discover someone to refinance it with other cash.






It is none much easier always than when it was in the problems that resulted in the foreign financiers being the very best choice for funding the important things in the initial area. But, hello, if it is an effective project, it makes money, and it can be offered, I do not see any type of reason the job ought to not be able to be marketed and for the financier to be able to understand the return of his investment, maybe obtain on his investment, much like every various other capitalist.

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If you have a project that is moneyed directly via the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Chairman Leahy. However that would certainly coincide with any kind of firm. Mr. Divine. Every one of these companies is required to complete the I-9 type, but USCIS goes a step additionally and does a check of some kind that led to the instance that has actually been discussed. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I mean, I advise that every one of you actually-- Mr. North, in your instance, go out from inside the Beltway and rise there and speak with some of these individuals. For one point, you do not have a lot of prohibited immigrants who quite have the Vermont accent you listen to around there, especially when they chat regarding their grandparents who live there, and parents and more.


They will certainly say, "We have obtained regarding 9 people below, and we have been right here since 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not fairly what an illegal immigrant could be stating. I assume Mr. Stenger would state that one of his British investors was assuming, "Are we all talking the very same language here?" Mr.


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

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I suggest, the agency basically is-- USCIS is a fee-funded firm, so it is essentially sort of running a company and has to cover its expenditures with the income that is produced. To run this program appropriately, USCIS requires to staff up in a huge way, managing the volume that is currently there and expecting the increased quantity of more investment as we obtain also near to half of the 10,000 visas that are readily available in this classification.

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I mean, that has got to seem like a clashing circumstance, and you would certainly imagine that it is mosting likely to hold somebody back. Currently, I am not claiming that they are keeping back, and I recognize that they are attempting to staff up since I make certain they think and wish that the program will be reauthorized for the advantage of the Nation.


And is that really where they are going to have the ability to spend their time and resources in attempting to improve the guidelines of this program so that everybody recognizes whether they can qualify or otherwise and which sort of jobs are mosting likely to qualify and so forth? We need that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once more, a little State, however we have the State government involved with the Vermont Regional Center. Does that add advantages to Vermont's program? Mr. Stenger. The fact that the State of Vermont is click here the local facility manager, and in fact I guess you would call it the owner of the regional center, has actually been an incredible advantage.