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The law states you have got to invest for 2 years and that is all (EB5 Regional Center Program). Second, at one of the stakeholders meetings place on by USCIS, I asked a concern: Have you done any type of research study on exactly how much cash stays beyond the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection 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 led to the international investors being the very best choice for financing things in the first location. Hello, if it is a successful project, it makes cash, and it can be offered, I do not see any kind of factor why the project need to not be able to be marketed and for the investor to be able to recognize the return of his investment, possibly gain on his investment, simply like every other investor.

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If you have a task that is funded straight via the Immigrant Financier Program and it is thought to be using undocumented workers, Immigration and Traditions Enforcement could examine the company, could they not? Mr. Divine.


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

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I mean, I recommend that suggest of you actually-- Mr. North, in your case, get out from inside the Beltway and go up there and talk with speak of these people.


Mr.


I asked Mr. Stenger this. Mr.


I mean, the agency in company isResult USCIS is a fee-funded agency, company it is essentially kind basically running a business and company to cover its expenses with expenditures income look at here that earnings generated. To run this program properly, USCIS needs to staff up in a big means, dealing with the volume that is already there and preparing for the increased volume of more investment as we obtain also close to half of the 10,000 visas that are available in this group.

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I suggest, that has reached seem like a contrasting scenario, and you would certainly think of that it is mosting likely to hold someone back. Now, view it now I am not stating that they are keeping back, and I understand that they are attempting to staff up because I am sure they think and really hope that the program will be reauthorized for the benefit of the Nation.


And is that actually where they are mosting likely to be able to spend their time and sources in attempting to get rid of up the guidelines of this program to make sure that everyone understands whether they can certify or not and which type of tasks are mosting likely to certify and so forth? We need that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once more, a little State, however we have the State federal government entailed 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 center manager, and actually I presume you would certainly call it the proprietor of the regional facility, has been a tremendous benefit.