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But the legislation says you have actually got to spend for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a concern: Have you done any study on just how much cash remains past the 2 years? And the answer was no


Thank you, Mr. Chairman. Allow me simply ask, Mr. Divine, you hear this criticism that the cash only has to stay invested for 2 years. Mr. Divine.






It is none less complicated necessarily than when it remained in the problems that brought about the foreign financiers being the most effective choice for financing things to begin with. Hi, if it is a successful project, it makes money, and it can be marketed, I do not see any reason why the project ought to not be able to be marketed and for the capitalist to be able to realize the return of his financial investment, maybe acquire on his financial investment, just like every other financier.


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EB5 Regional Center ProgramEB5 Regional Center Program
If you have a project that is funded directly with the Immigrant Investor Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could check out the company, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is called for to complete the I-9 kind, but USCIS goes a step even more and does a company website check of some kind that led to the situation that has been stated. I am not a witness below, but I am discover this so struck by Mr.


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I mean, Suggest 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 chat of these people.


EB5 Regional Center ProgramEB5 Regional Center Program
Mr.


EB5 Regional Center ProgramEB5 Regional Center Program
I asked Mr. Stenger this. Mr.


I mean, imply agency in company isImpact USCIS is a fee-funded agency, firm it is essentially kind of running a business and company to cover its expenses with the income that earnings generated. To run this program properly, USCIS needs to staff up in a large way, dealing with the quantity that is already there and anticipating the boosted quantity of even more financial investment as we get 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 really feel like a clashing situation, and you would picture that it is mosting likely to my review here hold someone back. Currently, I am not claiming that they are keeping back, and I understand that they are attempting to staff up due to the fact that I make certain they think and hope that the program will be reauthorized for the benefit of the Country.


And is that actually where they are mosting likely to be able to spend their time and sources in attempting to clear the policies of this program so that everybody understands whether they can certify or not and which kinds of projects are mosting likely to certify and so forth? We require that continuously.


And, Mr. Stenger, we in Vermont-- again, a little State, however we have the State government involved with the Vermont Regional. Mr. Stenger.

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