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The regulation states 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 concern: Have you done any type of study on how much cash remains beyond the 2 years? And the solution was no


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

It is none less complicated always than when it was in the conditions that led to the foreign financiers being the best alternative for financing things in the first location. Yet, hey, if it is a successful project, it makes cash, and it can be sold, I do not see any kind of reason the project must not have the ability to be sold and for the financier to be able to understand the return of his investment, perhaps get on his financial investment, just like every other financier.

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If you have a project that is moneyed directly with the Immigrant Capitalist Program and it is thought to be employing undocumented employees, Migration and Customs Enforcement could examine the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is needed to finish the I-9 kind, yet USCIS goes a step better and does a check of some kind that led to the case that has been pointed out. I am not a witness below, yet I am so struck by Mr.

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I mean, I recommend that advise of you actually-- In fact North, in your case, instance out obtain inside the Beltway and go up there and talk with some of these people.

Mr.

I asked Mr. Stenger this. Mr.


I mean, imply agency in company isResult USCIS is a fee-funded agency, so it is essentially kind basically running a business and has to cover its expenses with costs income that revenue generated. To run this program appropriately, USCIS needs to staff up in a huge method, dealing with the quantity that is already there and expecting the raised quantity of even more financial investment as we obtain also close to fifty percent of the 10,000 visas that are available in this category.

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I imply, that has actually reached seem like a clashing circumstance, and you would certainly picture that it is mosting likely to hold somebody back. Currently, I am not stating that they are holding back, and I know that they are trying to staff up because I am sure they think and hope that the program will certainly be reauthorized for the advantage of the Nation.


And is that actually where they are mosting likely to be able to invest their time and resources in trying to clear the regulations of more info this program to ensure that everybody understands whether they can certify or otherwise and which sort of projects are going to certify etc? We require that constantly.


And, Mr. Stenger, we in Vermont-- once more, a small State, however we have the State federal government involved with the Vermont Regional. Does that add advantages to Vermont's program? Mr. Stenger. The truth that the State of Vermont is the local facility administrator, and really I think you would certainly call it the proprietor of the local facility, has actually been a remarkable advantage.