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But the legislation states you have actually obtained to spend for 2 years which is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any research study on exactly how much money stays beyond the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I wish to have a 2nd round. Chairman Leahy. Absolutely. Allow me simply ask, Mr. Divine, you hear this objection that the cash only has to stay invested for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a hotel, as I was beginning to describe earlier, the programmer of that project would certainly have to have the ability to locate somebody to buy the resort or would need to have the ability to locate somebody to re-finance it with various other cash.






It is none simpler necessarily than when it was in the conditions that brought about the international investors being the best option for financing things in the very first place. Hi, if it is a successful job, it makes cash, and it can be offered, I do not see any factor why the task ought to not be able to be marketed and for the capitalist to be able to understand the return of his investment, possibly gain on his financial investment, simply like every various other capitalist.

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If you have a project that is moneyed directly through the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Immigration and Customs Enforcement could explore the employer, could they not? Mr. Divine.


Chairman Leahy. That would be the very same with any type of company. Mr. Divine. Each of these employers is required to complete the I-9 kind, yet USCIS goes an action better and does a check of some kind that led to the instance that has actually been pointed out. Chairman Leahy. I am not a witness here, however I am so struck by Mr.


I indicate, I advise that all of you actually-- Mr. North, in your instance, obtain out from inside the Beltway and increase there and talk with several of these individuals. For one point, you do not have way too many illegal immigrants that fairly have the Vermont accent you hear around there, particularly when they talk concerning their grandparents that live there, and parents and so on.


They will certainly state, "We have obtained about 9 of us below, and we have been below given that 5 o'clock this morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal immigrant could be saying. I believe Mr. Stenger would state that one of his British financiers was assuming, "Are we all speaking the very same language right here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a previous firm authorities. What does it do if Congress keeps meeting a final reauthorization? In this case it would certainly be, I believe, September of next year, September of 2012. What does that do to a firm trying to administer a program if Congress waits up until the last few days to reauthorize it? What is the useful result? Mr.

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I suggest, the firm effectively is-- USCIS is a fee-funded company, so it is basically kind of running a service and needs to cover its expenditures with the earnings that is created. To run this program properly, USCIS requires to staff up in a huge method, managing the quantity 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 available in this classification.

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I suggest, that has obtained to really click here feel like a conflicting circumstance, and you would certainly picture that it is mosting likely to hold someone back. Currently, I am not claiming that they are keeping back, and I know that they are trying to staff up since I make certain they think and wish that the program will be reauthorized for the benefit of the Nation.


And is that really where they are going to be able to invest their time and resources in trying to remove up the regulations of this program so that everybody knows whether they can qualify or not and which type of jobs are mosting likely to certify etc? We need that continuously.


And, Mr. Stenger, we in Vermont-- once again, a little State, however we have the State government involved with the Vermont Regional. Does that add benefits to Vermont's program? Mr. Stenger. The fact that the State of Vermont is the regional facility manager, and in fact I think you would call it the owner of the regional center, has actually been an incredible benefit.