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However the regulation claims you have actually reached spend for 2 years which is all. Second, at one of the stakeholders meetings put on by USCIS, I asked a concern: Have you done any type of research on just how much money remains past the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the money only has actually to continue to be invested for 2 years. Mr. Divine.






It is none less complicated always than when it was in the problems that caused the foreign investors being the most effective choice for funding the important things to begin with. Hi, if it is a successful job, it makes cash, and it can be sold, I do not see any factor why the job need to not be able to be sold and for the financier to be able to understand the return of his financial investment, perhaps gain on his investment, simply like every various other investor.

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If you have a task that is funded straight with the Immigrant Investor Program and it is thought to be employing undocumented employees, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


Chairman Leahy. That would certainly be the same with any kind of company. Mr. Divine. Every one of these companies is called for to complete the I-9 type, but USCIS goes a step better and does a check of some kind that led to the instance that has been discussed. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I indicate, I suggest that every one of you actually-- Mr. North, in your situation, venture out from inside the Beltway and go up there and talk with a few of these people. For something, you do not have too numerous illegal aliens that fairly have the Vermont accent you hear around there, particularly when they discuss their grandparents that live there, and moms and dads and so on.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency more info in company is-- USCIS is a fee-funded agency, company 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 currently there and expecting the raised volume of even more financial investment as we get also close to fifty percent of the 10,000 visas that are offered in this group.

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I mean, that has got to feel like a clashing scenario, and you would certainly imagine that it is going to hold somebody back. Now, I am not saying that they are holding back, and I understand that they are trying to staff up since I am certain they think and wish that the program will certainly be reauthorized for the advantage of the Country.


And is that truly where they are going to be able to invest their time and resources in trying to clean up the rules of this program so that everybody recognizes whether they can certify or otherwise and which sort of jobs are mosting likely to qualify and so forth? We require that constantly.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a little State, but we have the State government involved with the Vermont Regional Facility. Does that include advantages to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center manager, and really I think you would call it the proprietor of the local center, has been an incredible benefit.