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However the regulation claims you have reached spend for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a concern: Have you done any kind of research on exactly how much cash stays past the 2 years? And the solution was no


Senator Grassley. Thanks, Mr. Chairman. I would love to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the cash only has to remain spent for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a resort, as I was beginning to discuss earlier, the developer of that project would certainly have to have the ability to discover somebody to buy the hotel or would certainly have to be able to find somebody to re-finance it with various other money.

It is not any type of much easier necessarily than when it remained in the conditions that caused the foreign capitalists being the very best alternative for financing things to begin with. However, hello, if it is a successful job, it earns money, and it can be offered, I do not see any kind of reason the task ought to not have the ability to be sold and for the financier to be able to realize the return of his financial investment, possibly acquire on his financial investment, just like every various other capitalist.

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If you have a task that is funded directly via the Immigrant Financier Program and it is believed to be using undocumented employees, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine. They could. I mean, I assume what we need to realize additionally is that the case that is being pointed out as proof that in some cases these projects have actually hired an unapproved worker is one in which USCIS did some sort of checking and determined that the worker was not authorized and quit it.


Chairman Leahy. Yet that would be the very same with any firm. Mr. Divine. Each of these employers is needed to finish the I-9 type, yet USCIS goes a step better and does a check of some kind that resulted in the instance that has been mentioned. Chairman Leahy. I am not a witness right here, yet I am so struck by Mr.


I indicate, I recommend that all of you in fact-- Mr. North, in your situation, venture out from inside the Beltway and increase there and talk with several of these people. For something, you do not have a lot of illegal immigrants that quite have the Vermont accent you listen to around there, particularly when they discuss their grandparents who live there, and moms and dads and more.

They will certainly state, "We have obtained about 9 of us below, and we have been here given that 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal immigrant could be saying. I believe Mr. Stenger would certainly say that one of his British capitalists was thinking, "Are we all speaking the very same language here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous agency official. What does it do if Congress maintains tasting a last-minute reauthorization? In this instance it would certainly be, I believe, September of following year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last couple of days to reauthorize it? What is the sensible effect? Mr.

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I indicate, the company basically is-- USCIS is a fee-funded agency, so it is basically sort of running a company and has to cover its costs with the revenue that is created. To run this program appropriately, USCIS requires to staff up in a large means, dealing with the quantity that is currently there and preparing for the raised volume of even more investment as we get also near fifty percent of the 10,000 visas that are offered in this classification.

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I imply, that has actually obtained to really feel like a conflicting situation, and you would visualize that it is mosting likely to hold somebody back. Now, I am not saying that they are holding back, and I recognize 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 really where they are going to be able to invest their time and sources in attempting to improve the rules of this program to ensure that everybody knows whether they can qualify or not and which type of jobs are going to qualify etc? We require that continually.


And, Mr. EB5 Regional Center Program. Stenger, we in check here Vermont-- once again, a little State, however we have the State federal government included with the Vermont Regional Facility. Does that include advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local facility manager, and really I think you would certainly call it the proprietor of the local facility, has been a tremendous benefit.