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However the legislation states you have actually reached spend for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any kind of study on exactly how much money remains beyond the 2 years? And the answer was no


Thank you, Mr. Chairman. Allow me just ask, Mr. Divine, you hear this criticism that the cash just has actually to stay invested for 2 years. Mr. Divine.






It is none simpler always than when it was in the problems that brought about the foreign investors being the most effective alternative for financing things to begin with. Hi there, if it is a successful job, it makes cash, and it can be marketed, I do not see any kind of reason why the job must not be able to be marketed and for the capitalist to be able to understand the return of his financial investment, possibly get on his investment, just like every other financier.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a project that is moneyed directly with the Immigrant Investor Program and it is thought to be employing undocumented employees, Immigration and Traditions Enforcement could check out the employer, could they not? Mr. Divine.


Chairman Leahy. Yet that would be the exact same with any kind of company. Mr. Divine. Each of these companies is called for to complete the I-9 kind, yet USCIS goes an action further and does a check of some kind that led to the situation that has actually been discussed. Chairman Leahy. I am not a witness below, yet I am so struck by Mr.


I suggest, I advise that every one of you really-- Mr. North, in your case, venture out from inside the Beltway and rise there and speak with a few of these people. For something, you do not have also lots of illegal aliens that rather have the Vermont accent you hear around there, particularly when they discuss their grandparents that live there, and parents and so forth.


EB5 Regional Center ProgramEB5 Regional Center Program
Mr.


EB5 Regional Center ProgramEB5 Regional Center Program
I asked Mr. Stenger this. Mr.


I mean, the agency in effect isImpact USCIS is a fee-funded agency, company it is essentially kind of running a business and has to cover its expenses with the income that revenue generated. To run read more this program properly, USCIS needs to staff up in a huge means, dealing with the volume that is already there and preparing for the raised quantity of more investment as we obtain even close to half of the 10,000 visas that are readily available in this category.


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I mean, that has actually got to seem like a conflicting scenario, and you would envision that it is mosting likely to hold someone back. Now, I am not stating that they are keeping back, and I know that they are trying to staff up because I am sure they think and hope that the program will be reauthorized for the advantage of the Country.


And is that actually where they are going to have the ability to invest their time and resources in attempting to clean up the guidelines of this program so that everyone recognizes whether they can qualify or not and which type of jobs are mosting likely to qualify and so forth? We require that constantly.


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

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