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The law claims you have obtained to spend 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 question: Have you done any kind of research study on just how much money remains past the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the money just has actually to remain spent for 2 years. Mr. Divine.






It is none much easier always than when it remained in the problems that caused the international financiers being the very best choice for financing the thing to begin with. However, hello, if it is an effective project, it generates income, and it can be sold, I do not see any type of reason that the project should not have the ability to be offered and for the investor to be able to recognize the return of his investment, perhaps get on his financial investment, much like every various other investor.

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If you have a project that is funded straight with the Immigrant Financier Program and it is thought to be employing undocumented workers, Immigration and Traditions Enforcement could investigate the employer, could they not? Mr. Divine. They could. I indicate, I believe what we need to realize additionally is that the case that is being pointed out as evidence that often these tasks have actually worked with an unauthorized employee is one in which USCIS did some type of monitoring and identified that the employee was not accredited and stopped it.


Mr. Divine. Every one of these employers is called for to finish the I-9 form, but USCIS goes an action further and does a check of some kind that led to the instance that has actually been pointed out. I am not a witness below, but I am so struck by Mr.

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I mean, I recommend that advise of you actually-- Mr. 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, suggest agency in firm is-- USCIS is a fee-funded agency, so it is essentially kind basically running a business and company to cover its expenses with the income that revenue generated. To run this program correctly, USCIS needs to staff up here in a huge method, dealing with the volume that is currently there and preparing for the raised volume of more investment as we get even close to fifty percent of the 10,000 visas that are available in this group.

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I imply, that has obtained to seem like a contrasting situation, and you would picture that it is mosting likely to hold someone back. Currently, I am not stating that they are keeping back, and I know that they are attempting to staff up since I am certain they believe and hope that the program will be reauthorized for the benefit of the Country.


And is that truly where they are mosting likely to have the ability to invest their time and sources in trying to get rid of up the guidelines of this program so that everyone understands whether they can qualify or not and which sort of projects are going to certify and so forth? We need that constantly.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- again, a tiny State, however we have the State federal government included with the Vermont Regional Center. 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 presume you would call it the owner of the regional center, has actually been an incredible benefit.