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Yet the law states you have got to spend for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked an inquiry: Have you done any kind of study on exactly how much cash remains beyond the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this objection that the money only has actually to stay invested for 2 years. Mr. Divine.






It is none much easier necessarily than when it was in the problems that caused the foreign capitalists being the ideal choice for financing things in the first area. Hi, if it is a successful job, it makes cash, and it can be marketed, I do not see any type of reason why the task ought to not be able to be marketed and for the investor to be able to recognize the return of his financial investment, possibly get on his financial investment, just like every other capitalist.

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If you have a task that is moneyed directly via the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I suggest, I assume what we need to understand likewise is that the instance that is being mentioned as evidence that sometimes these jobs have worked with an unapproved worker is one in which USCIS did some sort of checking and determined that the employee was not authorized and quit it.


Chairman Leahy. But that would certainly coincide with any business. Mr. Divine. Each of these employers is called for to finish the I-9 form, however USCIS goes a step better and does a check of some kind that brought about the situation that has actually been mentioned. Chairman Leahy. I am not a witness below, however I am so struck by Mr.


I suggest, I recommend that every one of you in fact-- Mr. North, in your situation, go out from inside the Beltway and increase there and chat with some of these people. For something, you do not have too several illegal immigrants who fairly have the Vermont accent you hear around there, particularly when they speak about their grandparents that live there, and moms and dads and so forth.


They will state, "We have obtained regarding 9 of us below, and we have been here since 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an unlawful immigrant may be stating. I think Mr. Stenger would certainly claim that one of his British financiers was thinking, "Are we all speaking the very same language right here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former company authorities. What does it do if Congress keeps running up versus a last-minute reauthorization? In this situation it would certainly be, I think, September of next year, September of 2012. What does that do to an agency attempting to administer a program if Congress waits until the last few days to find reauthorize it? What is the functional impact? Mr.

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I imply, the company basically is-- USCIS is a fee-funded firm, so it is basically sort of running a company and needs to cover its expenditures with Learn More the revenue that is created. To run this program appropriately, USCIS requires to staff up in a large means, dealing with the volume that is currently there and anticipating the increased volume of more investment as we get even close to fifty percent of the 10,000 visas that are readily available in this category.

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I mean, that has reached seem like a conflicting scenario, and you would visualize that it is going to hold somebody back. Currently, I am not claiming that they are holding back, and I know that they are attempting to staff up since I am certain they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that really where they are going to have the ability to spend their time and sources in attempting to clean up the guidelines of this program to ensure that everyone understands whether they can qualify or not and which type of jobs are going to qualify and so forth? We need that constantly.


And, Mr. EB5 Regional Center Program. Stenger, we in Vermont-- once more, a tiny State, but we have the State federal government involved with the Vermont Regional Facility. Does that include benefits to Vermont's program? Mr. Bonuses Stenger. The truth that the State of Vermont is the regional facility manager, and in fact I think you would certainly call it the owner of the regional facility, has actually been a tremendous benefit.