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The legislation says you have obtained to invest 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 kind of study on just how much money stays beyond 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 just has to remain spent for 2 years. Mr. Divine.






It is none much easier necessarily than when it was in the problems that resulted in the international capitalists being the ideal choice for funding the important things to begin with. Yet, hi, if it is an effective project, it makes cash, and it can be offered, I do not see any type of reason that the job need to not have the ability to be offered and for the investor to be able to understand the return of his financial investment, maybe obtain on his financial investment, just like every various other capitalist.

Getting The Eb5 Regional Center Program To Work

If you have a project that is funded straight with the Immigrant Capitalist Program and it is thought to be employing undocumented workers, Immigration and Customs Enforcement could examine the company, could they not? Mr. Divine. They could. I suggest, I think what we require to recognize additionally is that the case that is being pointed out as proof that sometimes these jobs have worked with an unauthorized employee is one in which USCIS did some sort of monitoring and determined that the employee was not licensed and stopped it.


Chairman Leahy. That would certainly be the very same with any kind of business. Mr. Divine. Every one of these employers is needed to finish the I-9 type, but USCIS goes a step even more and does a check of some kind that resulted in the instance that has been mentioned. Chairman Leahy. I am not a witness here, but I am so struck by Mr.


I indicate, I recommend that all of you really-- Mr. North, in your instance, venture out from inside the Beltway website and go up there and speak with several of these people. For one point, you do not have a lot of illegal aliens that quite have the Vermont accent you hear around there, especially 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 effect isImpact USCIS is a fee-funded agency, firm it is essentially kind basically running a business and service to cover its expenses with expenditures income that earnings generated. To run this program correctly, USCIS requires to staff up in a big means, dealing with the volume that is currently there and anticipating the raised quantity of even more investment as we obtain also close to fifty percent of the 10,000 visas that are available in this classification.

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I suggest, that has actually got to really feel like a clashing scenario, and you would certainly visualize that it is mosting likely to hold somebody back. Now, I am not stating that they are holding back, and I understand that they are attempting to staff up because I am certain they believe and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are going to have the ability to spend their time and sources in trying to improve the policies of this program to make sure that everybody knows whether they can certify or not and which sort of tasks are going to certify and so forth? We need that continuously.


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