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However the law states you have actually reached spend for 2 years and that is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any kind of study on just how much money stays beyond the 2 years? And the answer was no


Senator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Certainly. Let me simply ask, Mr. Divine, you hear this objection that the cash only has to remain spent for 2 years. Has that been your experience? Mr. Divine. If money obtains taken into a resort, as I was beginning to discuss earlier, the programmer of that job would have to be able to locate somebody to acquire the resort or would certainly need to have the ability to find somebody to refinance it with other money.






It is not any kind of simpler always than when it remained in the problems that led to the international capitalists being the most effective choice for financing the point to begin with. Yet, hi there, if it is an effective task, it earns money, and it can be marketed, I do not see any reason that the project need to not be able to be sold and for the capitalist to be able to realize the return of his investment, possibly obtain on his investment, much like every other investor.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a job that is funded directly through the Immigrant Financier Program and it is believed to be employing undocumented workers, Immigration and Traditions Enforcement could examine the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is needed to finish the I-9 type, however USCIS goes a step better and does a check of some kind that led to the case that has actually been discussed. I am not a witness here, but I am so struck by Mr.


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I mean, Imply recommend that suggest of you actually-- Really North, in your case, situation out obtain inside the Beltway and go up there and talk with some of these people.


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Mr.


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


I mean, suggest agency in company isResult USCIS is a fee-funded agency, so it is essentially kind of running a business and organization to cover its expenses with the income that earnings generated. To run this program properly, USCIS needs to staff up in a large means, dealing with the quantity that is currently there and anticipating the enhanced volume of even more financial investment as click here we get even close to half of the 10,000 visas that are offered in this category.


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I indicate, that has actually reached feel like a conflicting circumstance, 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 recognize that they are attempting to staff up because I make sure they think and hope that the program will 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 trying to improve the policies of this program so that everybody knows whether they can certify or not and which type of projects are mosting likely to qualify etc? We need that constantly.


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

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