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But the regulation says you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any research study on how much cash remains past the 2 years? And the solution was no


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






It is not any kind of less complicated necessarily than when it remained in the conditions that brought about the international capitalists being the most effective choice for financing the point to begin with. But, hi, if it is a successful task, it generates income, and it can be offered, I do not see any kind of reason why the job should not have the ability to be offered and for the financier to be able to realize the return of his investment, possibly acquire on his investment, similar to every other investor.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a project that is funded directly via the Immigrant Investor Program and it is believed to be employing undocumented workers, Immigration and Customs Enforcement could explore the employer, could they not? Mr. Divine. They could. I imply, I think what we need to understand likewise is that the case that is being mentioned as proof that occasionally these jobs have actually worked with an unauthorized employee is one in which USCIS did some sort of monitoring and figured out that the employee was not accredited and stopped it.


Chairman Leahy. That would be the same with any kind of firm. Mr. Divine. Each of these companies is required to finish the I-9 form, but USCIS goes an action even more and does a check of some kind that caused the case that has been mentioned. Chairman Leahy. I am not a witness right here, but I am so struck by Mr.


I indicate, I advise that all of you actually-- Mr. North, in your case, obtain out from inside the Beltway and rise there and chat with a few of these individuals. For something, you do not have a lot of illegal aliens who fairly have the Vermont accent you listen to around there, specifically when they speak about their grandparents that live there, and moms and dads and so on.


EB5 Regional Center ProgramEB5 Regional Center Program
Mr.


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


I get more info mean, imply agency in company is-- USCIS is a fee-funded agency, company it is essentially kind of running a business and company to cover its expenses with expenditures income that revenue generated. To run this program appropriately, USCIS needs to staff up in a big method, dealing with the volume that is currently there and expecting the boosted volume of more investment as we get also close to half of the 10,000 visas that are available in this category.


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I indicate, that has actually obtained to really feel like a clashing situation, and you would visualize that it is mosting likely to hold somebody back. Now, I am not stating that they are holding back, and I know that they are trying to staff up since I am certain they believe and really hope that the program will be reauthorized for the advantage of the Country.


And is that really where they are mosting likely to have the ability to spend their time and resources in trying to clear up the rules of this program to ensure that everyone recognizes whether they can certify or not and which sort of tasks are going to certify etc? We need that constantly.


And, Mr. Stenger, we in Vermont-- once more, a tiny State, yet we have the State government included with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the local center administrator, and in fact I presume you would call it the owner of the local center, has been a tremendous benefit.

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