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But the law says you have reached invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any kind of research study on just how much money stays beyond the 2 years? And the answer was no


Legislator Grassley. Thank you, Mr. Chairman. I would love to have a second round. Chairman Leahy. Definitely. Let me simply ask, Mr. Divine, you hear this objection that the cash only has to remain spent for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a hotel, as I was beginning to explain earlier, the designer of that job would have to have the ability to locate someone to buy the resort or would have to have the ability to discover someone to re-finance it with other money.






It is not any kind of easier always than when it was in the problems that brought about the foreign capitalists being the ideal alternative for financing the important things to begin with. Hello, if it is a successful job, it makes cash, and it can be offered, I do not see any kind of factor why the project must not be able to be marketed and for the financier to be able to recognize the return of his investment, perhaps get on his financial investment, just like every various other investor.

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If you have a job that is moneyed directly via the Immigrant Investor Program and it is believed to be using undocumented workers, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


Mr. Divine. Every one of these employers is needed to finish the I-9 type, however USCIS goes an action even more and does a check of some kind that led to the situation that has actually been stated. I am not a witness below, but I am so struck by Mr.

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


They will certainly state, "We have actually obtained concerning nine people here, and we have actually been here considering that 5 o'clock today, Mister." [Giggling.] Chairman Leahy. Not quite what an illegal alien might be claiming. In fact, I assume Mr. Stenger would state that one of his British financiers was assuming, "Are all of us talking the exact same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous agency official. What does it do if Congress maintains meeting a last-minute reauthorization? In this instance it would be, I believe, September of following year, September of 2012. What does that do to a firm trying to provide a program if Congress waits till the last few days to reauthorize it? What is the useful impact? Mr.

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I suggest, the firm effectively is-- USCIS is a fee-funded firm, so it is basically sort of running a business and has to cover its expenses with the income that is generated. To run this program correctly, USCIS needs to staff up in a large means, dealing with the volume that is currently there and preparing for the raised quantity of even more investment as we get back at close to half of the 10,000 visas that are readily available in this group.

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I indicate, that has actually reached seem like a contrasting situation, and you would envision that it is mosting likely to hold someone back. Now, I am not stating that they are holding back, and I recognize that they are attempting click here to staff up due to the fact that I am sure they believe and really hope that the program will be reauthorized for the benefit of the Nation.


And is that truly where they are going to have the ability to invest their time and sources in attempting to clean up the policies of this program to make sure that everyone recognizes whether they can certify or not and which type of jobs are going to qualify and so forth? We need that continually.


And, Mr. Stenger, we in Vermont-- again, a small State, but we have the State federal government involved with the Vermont Regional. Mr. Stenger.