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But the regulation states you have obtained to invest for 2 years which is all. Second, at one of the stakeholders conferences put on by USCIS, I asked a concern: Have you done any type of study on exactly how much money stays beyond the 2 years? And the answer was no


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






It is none easier necessarily than when it remained in the problems that caused the foreign capitalists being the very best option for financing the important things in the first location. But, hi there, if it is an effective project, it earns money, and it can be offered, I do not see any kind of reason that the project ought to not be able to be marketed and for the investor to be able to recognize the return of his financial investment, perhaps get on his financial investment, similar to every other capitalist.

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If you have a task that is moneyed directly via the Immigrant Investor Program and it is thought to be utilizing undocumented employees, Immigration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I imply, I think what we require to understand likewise is that the case that is being cited as evidence that in some cases these projects have hired an unapproved worker is one in which USCIS did some sort of checking and identified that the employee was not licensed and quit it.


Chairman Leahy. However that would be the exact same with any firm. Mr. Divine. Every one of these companies is required to finish the I-9 kind, but USCIS goes an action additionally and does a check of some kind that brought about the case that has been mentioned. Chairman Leahy. I am not a witness right here, however I am so struck by Mr.


I suggest, I recommend that all of you really-- Mr. North, in your instance, get out from inside the Beltway and increase there and talk with some of these people. For something, you do not have also numerous unlawful immigrants that fairly have the Vermont accent you hear around there, particularly when they check my reference discuss their grandparents that live there, and moms and dads and so forth.


They will claim, "We have obtained regarding 9 people here, and we have actually been right here because 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an unlawful immigrant might be stating. I assume Mr. Stenger would claim that one of his British financiers was thinking, "Are we all talking the exact same language here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous company official. What does it do if Congress keeps meeting a last-minute reauthorization? In this situation it would certainly be, I think, September of following year, September of 2012. What does that do to an agency attempting to administer a program if Congress waits till the last few days to reauthorize it? What is the sensible effect? Mr.

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I mean, the agency in result is-- USCIS is a fee-funded company, so it is essentially sort of running an organization and has to cover its expenses with the revenue that is created. To run this program properly, USCIS requires to staff up in a large way, dealing with the volume that is already there and preparing for the enhanced quantity of even more investment as we get even near fifty percent of the 10,000 visas that are offered in this group.

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I Related Site imply, that has actually obtained to seem like a conflicting circumstance, and you would certainly picture that it is going to hold someone back. Currently, I am not claiming that they are holding back, and I know that they are trying to staff up due to the fact that I am certain they believe and really hope that the program will certainly be reauthorized for the benefit of the Country.


And is that really where they are mosting likely to be able to spend their time and sources in attempting to clear the regulations of this program so that everybody understands whether they can certify or otherwise and which kinds of tasks are mosting likely to certify etc? We require that consistently.


And, Mr. Stenger, we in Vermont-- once again, a tiny State, yet we have the State government browse around this site involved with the Vermont Regional. Mr. Stenger.