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But the regulation claims you have 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 study on just how much cash stays past the 2 years? And the solution was no


Legislator Grassley. Thanks, Mr. Chairman. I would love to have a second round. Chairman Leahy. . Allow me just ask, Mr. Divine, you hear this criticism that the cash only has actually to remain spent for 2 years. Has that been your experience? Mr. Divine. If cash gets taken into a resort, as I was starting to clarify earlier, the programmer of that task would certainly have to be able to find somebody to acquire the resort or would certainly have to be able to find somebody to refinance it with other money.






It is none easier necessarily than when it was in the conditions that led to the foreign investors being the ideal choice for financing the important things to begin with. However, hey, if it is an effective job, it earns money, and it can be offered, I do not see any reason the project must not be able to be marketed and for the investor to be able to understand the return of his investment, perhaps gain on his financial investment, much like every various other investor.

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If you have a task that is moneyed directly through the Immigrant Financier Program and it is believed to be employing undocumented employees, Migration and Traditions Enforcement could explore the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is required to finish the I-9 form, however USCIS goes an action even more and does a check of some kind that led to the case that has been stated. I am not a witness right here, yet I am so struck by Mr.

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


They will say, "We have obtained about nine of us here, and we have actually been here given that 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not fairly what an illegal immigrant could be stating. As a matter of fact, I think Mr. Stenger would certainly state that one of his British financiers was assuming, "Are we all speaking the very same language below?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former company authorities. What does it click for source do if Congress maintains running up versus a final reauthorization? In this case it would certainly be, I think, September of following year, September of 2012. What does that do to a company attempting to provide a program if Congress waits till the last couple of days to reauthorize it? What is the functional effect? Mr.

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I indicate, the agency basically is-- USCIS is a fee-funded company, so it is basically kind of running a service and has to cover its expenses with the revenue that is generated. To run this program properly, USCIS needs to staff up in a large way, managing official source the quantity that is already there and expecting the enhanced quantity of more investment as we get even near to half of the 10,000 visas that are offered in this category.

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I imply, that has reached seem like a clashing scenario, and you would envision that it is going to hold someone back. Currently, I am not stating that they are keeping back, and I understand that they are attempting to staff up since I make sure they think and hope that the program will certainly be reauthorized for the advantage of the Country.


And is that really where they are going to have the ability to invest their time and resources in trying to improve the regulations of this program to moved here make sure that everybody understands whether they can certify or otherwise and which type of projects are going to certify etc? We require that continuously.


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