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But the regulation states you have actually obtained to invest for 2 years and that is all. Second, at one of the stakeholders meetings place on by USCIS, I asked a question: Have you done any kind of study on just how much money stays past the 2 years? And the answer was no


Thank you, Mr. Chairman. Let me simply ask, Mr. Divine, you hear this criticism that the cash just has actually to remain invested for 2 years. Mr. Divine.






It is not any type of easier necessarily than when it remained in the conditions that led to the international financiers being the very best alternative for financing the important things in the initial area. Hey, if it is an effective job, it makes cash, and it can be marketed, I do not see any factor why the job need to not be able to be offered and for the financier to be able to recognize the return of his financial investment, possibly get on his investment, simply like every various other investor.


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If you have a task that is moneyed straight with the Immigrant Capitalist Program and it is believed to be using undocumented workers, Immigration and Traditions Enforcement could examine the employer, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to finish the I-9 type, but USCIS goes a step additionally and does a check of some kind that led to the case that has been discussed. I am not a witness here, but I am so struck by Mr.


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


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Mr.


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


I mean, suggest agency in firm is-- USCIS is a fee-funded agency, so it is essentially kind of running a business and organization to cover its expenses with costs income that is generated. To run this program properly, USCIS requires to staff up in a large means, dealing with the quantity that is already there and preparing for the increased volume of even more financial investment as we obtain even close to half of the 10,000 visas that are readily available in this group.


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I mean, that has reached seem like a conflicting scenario, and you would visualize that it is going to hold somebody back. Currently, I am not saying that they are holding back, and I understand that they are trying to staff up due to the fact that I make certain they believe and really hope that the program will certainly be reauthorized for the advantage of the Country.


And is that actually where they are going to have the ability to invest their time and sources in trying to remove up the rules of this program to ensure that everyone recognizes whether they can qualify or not and which kinds of jobs are going to certify etc? We need that continuously.


And, Mr. Stenger, we in Vermont-- once more, a little State, but we have the click here State federal government involved with the Vermont Regional. Mr. Stenger.

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