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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 conferences place on by USCIS, I asked a question: Have you done any study on just how much money remains beyond the 2 years? And the response was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the money only has actually to remain invested for 2 years. Mr. Divine.






It is not any easier always than when it remained in the conditions that resulted in the foreign capitalists being the best choice for funding the important things to begin with. However, hi, if it is an effective project, it earns money, and it can be sold, I do not see any reason that the task must not have the ability to be sold and for the investor to be able to understand the return of his investment, possibly gain on his financial investment, much like every various other financier.

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If you have a job that is funded straight via the Immigrant Investor Program and it is thought to be using undocumented employees, Migration and Customs Enforcement could investigate the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is called for to complete the I-9 form, but USCIS goes a step better and does a check of some kind that led to the situation that has been pointed out. I am not a witness below, yet I am so struck by Mr.

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I mean, Suggest recommend that suggest of you actually-- Mr. North, in your case, instance 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 isImpact USCIS is a fee-funded agency, so it is essentially kind of running a business and has to cover its expenses with the income that revenue generated. To run this program correctly, USCIS requires to staff up in a big method, dealing with the quantity that is already there and expecting the enhanced quantity of more investment as we obtain even click here close to fifty percent of the 10,000 visas that are available in this classification.

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I mean, that has reached feel like a clashing scenario, and you would envision that it is mosting likely to hold someone back. Currently, I am not claiming that they are keeping back, and I recognize that they are trying to staff up since I make sure they think and wish that the program will certainly be reauthorized for the benefit of the Country.


And is that truly where they are going to be able to invest their time and resources in trying to improve the rules of this program to ensure that everybody understands whether they can qualify or not and which kinds of projects are mosting likely to certify etc? We require that continuously.


And, Mr. Stenger, we in Vermont-- once again, a small State, but we have the State federal government entailed with the Vermont Regional. Mr. Stenger.