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Yet the legislation says you have reached spend for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any type of research study on how much cash stays past the 2 years? And the solution was no

Legislator Grassley. Thank you, Mr. Chairman. I wish to have a 2nd round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the cash just has to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If cash gets placed right into a resort, as I was starting to clarify earlier, the designer of that task would certainly need to be able to find somebody to purchase the hotel or would have to have the ability to locate someone to refinance it with various other cash.




It is none much easier necessarily than when it remained in the conditions that brought about the international investors being the ideal option for funding the important things in the first place. But, hello, if it is a successful project, it earns money, and it can be offered, I do not see any type of factor why the task ought to not be able to be offered and for the capitalist to be able to understand the return of his financial investment, possibly obtain on his financial investment, similar to every various other capitalist.

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If you have a job that is funded directly via the Immigrant Investor Program and it is believed to be utilizing undocumented employees, Migration and Customs Enforcement could examine the company, could they not? Mr. Divine.

Chairman Leahy. Yet that would certainly be the same with any type of company. Mr. Divine. Every one of these employers is called for to finish the I-9 kind, but USCIS goes an action even more and does a check of some kind that resulted in the situation that has been pointed out. Chairman Leahy. I am not a witness below, but I am so struck by Mr.

I imply, I suggest that every one of you actually-- Mr. North, in your case, go out from inside the Beltway and increase there and chat with several of these individuals. For one point, you do not have as well many illegal aliens who quite have the Vermont accent you hear around there, specifically when they speak about their grandparents who live there, and parents and so forth.

Mr.

I asked Mr. Stenger this. Mr.

I mean, indicate agency in company is-- USCIS is a fee-funded agency, firm it is essentially kind basically running a business and organization to cover its expenses with the income that is generated. To run this program appropriately, USCIS needs to staff up in a large way, dealing with the quantity that is currently there and preparing for the enhanced volume of even more financial investment as we get even close to half of the 10,000 visas that are readily available in this group.

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I suggest, that has reached feel like a contrasting scenario, and you would certainly think of 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 believe and really hope that the program will certainly 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 more info clear the rules of this program to ensure that everyone knows whether they can certify or otherwise and which kinds of jobs are going to certify and so forth? We require that constantly.

And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a little State, however we have the State government involved with the Vermont Regional Facility. Does that include benefits to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the local facility manager, and really I guess you would call it the owner of the regional facility, has actually been a tremendous benefit.

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