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Yet the regulation claims you have actually obtained to invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research on how much money stays beyond the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Absolutely. Allow me simply ask, Mr. Divine, you hear this objection that the cash only has to remain spent for 2 years. Has that been your experience? Mr. Divine. If cash gets taken into a resort, as I was starting to describe earlier, the programmer of that task would certainly have to be able to find somebody to buy the resort or would certainly have to be able to find someone to re-finance it with other money.






It is none less complicated always than when it was in the conditions that led to the international investors being the ideal option for funding things to begin with. But, hey, if it is an effective project, it makes cash, and it can be sold, I do not see any kind of reason that the job ought to not have the ability to be offered and for the capitalist to be able to recognize the return of his investment, perhaps obtain on his financial investment, much like every other capitalist.

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If you have a task that is funded directly via the Immigrant Investor Program and it is thought to be employing undocumented workers, Migration and Customs Enforcement could check out the company, could they not? Mr. Divine. They could. I imply, I think what we require to realize additionally is that the situation that is being cited as proof that sometimes these jobs have actually employed an unauthorized employee is one in which USCIS did some kind of monitoring and figured out that the worker was not authorized and quit it.


Mr. Divine. Every one of these employers is required to complete the I-9 kind, yet USCIS goes a step additionally and does a check of some kind that led to YOURURL.com the instance 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-- Mr. North, in your case, get out obtain inside the Beltway and go up there and talk with speak of these people.


They will certainly claim, "We have obtained regarding 9 of us below, and we have actually been here because 5 o'clock this early morning, Mister." [Laughter.] Chairman Leahy. Not fairly what an unlawful immigrant might be claiming. I assume Mr. Stenger would claim that one of his British investors was believing, "Are we all speaking the exact same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former company authorities. What does it do if Congress keeps running up versus a final reauthorization? In this situation it would certainly be, I think, September of following year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last couple of days to reauthorize it? What is the sensible effect? Mr.

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I mean, the firm essentially is-- USCIS is a fee-funded company, so it is basically kind of running an organization and needs to cover its costs with the revenue that is produced. To run this program correctly, USCIS needs to staff up in a big method, handling the volume that is currently there and expecting the raised volume of even more financial investment as we obtain even near to fifty percent of the 10,000 visas that are offered in this category.

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I suggest, that has reached feel like a clashing situation, and you would think of that it is mosting likely to hold someone back. Now, I am not saying that they are holding back, and I the original source understand that they are attempting to staff up due to the fact that I make sure they think and hope that the program will certainly 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 improve the policies of this program so that everyone knows whether they can certify or not and which type of projects are going to qualify etc? We need that continuously.


And, Mr. Stenger, we in Vermont-- again, a little State, but we have the State government entailed with the Vermont Regional. Does that include benefits to Vermont's program? Mr. Stenger. The reality that the State of Vermont is the local center manager, and in fact I presume you Your Domain Name would call it the owner of the regional center, has actually been a remarkable benefit.