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Yet the law says you have reached invest for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any research on exactly how much cash stays beyond the 2 years? And the answer was no


Senator Grassley. Thanks, Mr. Chairman. I would like to have a second round. Chairman Leahy. . Let me just ask, Mr. Divine, you hear this criticism that the money just needs to continue to be invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a resort, as I was beginning to discuss earlier, the designer of that job would have to be able to locate somebody to purchase the hotel or would have to be able to discover someone to refinance it with other cash.






It is not any kind of simpler always than when it remained in the conditions that led to the international investors being the most effective choice for funding the important things in the first location. But, hi, if it is a successful task, it generates income, and it can be marketed, I do not see any type of reason the task need to not be able to be sold and for the investor to be able to understand the return of his financial investment, possibly get on his investment, much like every various other investor.

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If you have a job that is funded directly with the Immigrant Investor 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 form, but USCIS goes a step even more and does a check of some kind that led to the situation that has been stated. I am not a witness here, but I am so struck by Mr.

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I mean, I recommend that all of you actually-- In fact North, in your case, get 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 isResult USCIS is a fee-funded agency, company it is essentially kind of running a see here now business and service to cover its expenses with the income that revenue generated. To run this program properly, USCIS requires to staff up in a huge way, dealing with the quantity that is already there and preparing for the enhanced volume of even more investment as we get even close to half of the 10,000 visas that are readily available click here for more in this category.

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I indicate, that has reached feel like a contrasting circumstance, and you would envision that it is mosting likely to hold someone back. Currently, I am not saying that they are keeping back, and I understand that they are attempting to staff up since I make sure they think and really hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that really where they are going to have the ability to spend their time and sources in trying to remove up the regulations of this program so that everybody understands whether they can certify or otherwise and which kinds of jobs are going to certify etc? We need that consistently.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a see here tiny State, however we have the State government included with the Vermont Regional Facility. Does that add benefits to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center manager, and actually I guess you would certainly call it the proprietor of the regional center, has actually been an incredible benefit.