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Yet the regulation states you have actually obtained to invest for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any type of research study on just how much money remains beyond the 2 years? And the solution was no

Senator Grassley. Thank you, Mr. Chairman. I would certainly such as to have a second round. Chairman Leahy. Certainly. Let me just ask, Mr. Divine, you hear this objection that the money just has actually to stay invested for 2 years. Has that been your experience? Mr. Divine. If cash obtains put right into a hotel, as I was beginning to discuss earlier, the programmer of that task would certainly need to have the ability to discover somebody to get the hotel or would certainly need to have the ability to locate someone to refinance it with various other cash.




It is none much easier always than when it was in the problems that resulted in the foreign financiers being the very best option for funding the point in the very first area. Yet, hi there, if it is an effective job, it earns money, and it can be marketed, I do not see any reason why the task ought to not be able to be sold and for the investor to be able to realize the return of his investment, maybe acquire on his investment, simply like every other financier.

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If you have a project that is funded straight with the Immigrant Capitalist Program and it is believed to be employing undocumented workers, Immigration and Traditions Enforcement could check out the company, could they not? Mr. Divine.

Mr. Divine. Every one of these companies is required to complete the I-9 kind, but USCIS goes a step further and does a check of some kind that led to the situation that has been pointed out. I am not a witness here, however I am so struck by Mr.

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

Mr.

I asked Mr. Stenger this. Mr.

I mean, suggest agency in effect is-- USCIS is a fee-funded agency, firm it is essentially kind of running a business and company to cover its expenses with expenditures income that is generated. To run this program correctly, USCIS requires to staff up in a big means, dealing with the volume that is already there and preparing for the enhanced volume of even more investment as we get also close to fifty percent more info of the 10,000 visas that are offered in this classification.

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I indicate, that has reached really feel like a contrasting situation, and you would certainly imagine that it is mosting likely to hold someone back. Now, I am not stating that they are holding back, and I know that they are trying to staff up due to the fact that I make certain they believe and really hope that the program will be reauthorized for the advantage of the Country.

And is that really where they are going to be able to invest their time and resources in attempting to improve the guidelines of this program to ensure that everybody recognizes whether they can certify or not and which sort of jobs are going to certify etc? We require that constantly.

And, Mr. Stenger, we in Vermont-- once more, a tiny State, yet we have the State government entailed with the Vermont Regional. Mr. Stenger.

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