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The legislation states you have got to spend for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any research study on just how much money stays past the 2 years? And the solution was no


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






It is not any kind of simpler necessarily than when it was in the problems that brought about the international financiers being the most effective alternative for financing the important things to begin with. Yet, hi, if it is an effective project, it generates income, and it can be marketed, I do not see any kind of reason that the job need to not have the ability to be marketed and for the financier to be able to recognize the return of his financial investment, maybe get on his financial investment, similar to every various other financier.

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


Mr. Divine. Every one of these employers is needed to complete the I-9 kind, however USCIS goes a step further and does a check of some kind that led to the case that has actually been mentioned. I am not a witness here, however I am so struck by Mr.

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I mean, Indicate recommend that advise of you actually-- Really North, in your case, instance 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, imply agency in effect isResult USCIS is a fee-funded agency, try here firm it is essentially kind basically running a business and company to cover its expenses with costs income that earnings generated. To run this program properly, USCIS needs to staff up in a huge way, dealing with the quantity that is already there and preparing for the raised volume of even more financial investment as we get also close to half of the 10,000 visas that are offered in this classification.

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I indicate, that has reached really feel like a contrasting scenario, and you would visualize that it is going to hold somebody back. Now, I am not saying that they are holding back, and I know that they are trying to staff up because I make sure they believe and wish that the program will certainly be reauthorized for the advantage of the Nation.


And is that truly where they are mosting likely to have the ability to invest their time and resources in attempting to remove up the rules of this program so that everybody Continued knows whether they can certify or otherwise see here and which sort of tasks are going to certify etc? We need that consistently.


And, Mr. Stenger, we in Vermont-- again, a small State, however we have the State government included with the Vermont Regional. Mr. Stenger.