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However the regulation claims you have reached spend for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked an inquiry: Have you done any research on just how much money stays beyond the 2 years? And the answer was no


Senator Grassley. Thanks, Mr. Chairman. I want to have a 2nd round. Chairman Leahy. . Allow me simply ask, Mr. Divine, you hear this objection that the cash only has to continue to be spent for 2 years. Has that been your experience? Mr. Divine. If cash obtains taken into a hotel, as I was beginning to discuss earlier, the designer of that project would need to have the ability to locate someone to get the resort or would have to have the ability to locate someone to refinance it with various other cash.

It is not any much easier necessarily than when it remained in the problems that caused the foreign capitalists being the most effective option for funding the important things to begin with. Hello, if it is an effective job, it makes money, and it can be offered, I do not see any type of factor why the project must not be able to be sold and for the financier to be able to understand the return of his financial investment, maybe get on his financial investment, just like every other capitalist.

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If you have a project that is funded straight with the Immigrant Investor Program and it is thought to be using undocumented workers, Immigration and Traditions Enforcement could examine the employer, could they not? Mr. Divine. They could. I suggest, I believe what we require to recognize also is that the instance that is being mentioned as proof that occasionally these jobs have worked with an unapproved worker is one in which USCIS did some sort of checking and figured out that the employee was not accredited and stopped it.


Chairman Leahy. But that would certainly be the very same with any firm. Mr. Divine. Each of these employers is called for to complete the I-9 type, yet USCIS goes a step better and does a check of some kind that caused the case that has been stated. Chairman Leahy. I am not a witness here, however I am so struck by Mr.


I mean, I suggest that all of you actually-- Mr. North, in your instance, get out from inside the Beltway and increase there and speak with a few of these people. For one point, you do not have a lot of illegal immigrants who rather have the Vermont accent you hear around there, specifically when they talk regarding their grandparents that live there, and moms and dads and so on.

Mr.

I asked Mr. Stenger this. Mr.


I mean, the agency in effect isResult USCIS is a fee-funded agency, so it is essentially kind basically running a business and has to cover its expenses with expenditures income that is generated. To run this program properly, USCIS requires to staff up in a big method, dealing with the quantity that is already there and preparing for the enhanced quantity of even more investment as we get also close to half of the 10,000 visas that are offered in this category.

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I suggest, that has got to feel like a clashing scenario, and you would envision that it is mosting likely to hold someone back. Currently, I am not claiming that they are holding back, and I know that they are trying to staff up because I make sure 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 be able to spend their time and sources in attempting to clear the regulations of this program to make sure that everyone recognizes whether they can certify or otherwise and which type of jobs are going to certify etc? We require that consistently.


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