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But the legislation claims you have got to invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any type of study on just how much cash stays beyond the 2 years? And the answer was no


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






It is none less complicated always than when it was in the conditions that brought about the international capitalists being the most effective alternative for financing the important things to begin with. However, hello, if it is an effective task, it makes cash, and it can be sold, I do not see any type of reason the task should not have the ability to be marketed and for the capitalist to be able to realize the return of his financial investment, possibly get on his financial investment, much like every other investor.

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If you have a task that is funded straight through the Immigrant Capitalist Program and it is believed to be utilizing undocumented workers, Immigration and Customs Enforcement could investigate the employer, could they not? Mr. Divine. They could. I mean, I think what we need to understand additionally is that the case that is being pointed out as proof that sometimes these projects have actually employed an unauthorized employee is one in which USCIS did some type of monitoring and determined that the worker was not accredited and quit it.


Chairman Leahy. That would be the very same with any kind of firm. Mr. Divine. Every one of these companies is needed to finish the I-9 kind, but USCIS goes a step additionally and does a check of some kind that resulted in the instance that has been stated. Chairman Leahy. I am not a witness below, but I am so struck by Mr.


I imply, I recommend that all of you actually-- Mr. North, in your situation, venture out from inside the Beltway and increase there and speak with a few of these individuals. For one point, you do not have way too many illegal aliens who rather have the Vermont accent you hear around there, especially when they talk concerning their grandparents that live there, and moms and dads and so on.


They will claim, "We have actually obtained regarding 9 of us below, and we have been below considering that 5 o'clock this morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal alien could be saying. I think Mr. Stenger would certainly claim that one of his British financiers was believing, "Are we all talking the very same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former agency authorities. What does it do if Congress maintains running up against a last-minute reauthorization? In this case it would certainly be, I assume, September of following year, September of 2012. What does that do to a company attempting to provide a program if Congress waits till the last couple of days to reauthorize it? What is the practical effect? Mr.

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I suggest, the agency in result is-- USCIS is a fee-funded company, so it is basically kind of running a business and needs to cover its costs with the earnings that is created. To run this program appropriately, USCIS needs to staff up in a large way, managing the quantity that is already there and anticipating the increased volume of more financial investment as we get back at near to half of the 10,000 visas that are offered in this category.

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I indicate, that has actually reached seem like a contrasting scenario, and you would certainly think of that it is mosting likely to hold somebody back. Currently, I am not stating that they are keeping back, and I know that they are trying to staff up because I am sure they believe and really hope that the program will certainly be reauthorized for here the advantage of the Country.


And is that truly where they are going to be able to spend their time and resources in trying to improve the rules of this program to make sure that everyone understands whether they can qualify or otherwise and which kinds of jobs are going to qualify etc? We need that continuously.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once again, a tiny State, however we have the State government included 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 facility administrator, and really I think you would certainly call it the owner of the regional facility, has actually been a remarkable benefit.