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The law states you have actually obtained 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 kind of research on just how much cash remains past the 2 years? And the answer was no


Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this criticism that the cash only has to remain invested for 2 years. Mr. Divine.






It is not any kind of easier always than when it was in the problems that brought about the foreign capitalists being the ideal option for financing the point in the very first location. But, hello, if it is an effective task, it makes cash, and it can be sold, I do not see any reason the job should not have the ability to be offered and for the capitalist to be able to understand the return of his financial investment, perhaps obtain on his financial investment, just like every other capitalist.

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If you have a project that is moneyed straight with the Immigrant Investor Program and it is believed to be using undocumented workers, Immigration and Traditions Enforcement could investigate the employer, could they not? Mr. Divine. They could. I imply, I assume what we require to understand additionally is that the case that is being cited as proof that occasionally these jobs have actually worked with an unapproved employee is one in which USCIS did some kind of monitoring and identified that the worker was not licensed and stopped it.


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

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I mean, Suggest recommend that advise of you actually-- In fact North, in your case, situation out from inside the Beltway and go up there and talk with some of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, indicate agency in effect isResult USCIS is a fee-funded agency, company it is essentially kind basically running a business and company to cover its expenses with the income that earnings generated. To run this program properly, USCIS requires to staff up in a huge way, dealing with the volume that is currently there and anticipating the increased volume of even more financial investment as we get also close to half of the 10,000 visas that are readily available in this classification.

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I suggest, that has actually reached seem like a conflicting situation, and you would certainly visualize that it is mosting likely to hold somebody back. Currently, I am not claiming that they are holding back, and I know that they are attempting to staff up due to the fact that I make sure they think and wish that the program will be reauthorized for the advantage of the Country.


And is that actually where they are going to be able to spend their time and resources in trying to clear the rules of this program to make sure that everyone recognizes whether they can qualify or not and which sort of tasks are mosting likely to certify and so forth? We require that continually.


And, Mr. Stenger, we in Vermont-- again, a little State, but we have the State federal government included website with the Vermont Regional. Mr. Stenger.