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But the law claims you have actually got 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 how much cash stays beyond the 2 years? And the response was no


Senator Grassley. Thank you, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. . Let me simply ask, Mr. Divine, you hear this criticism that the money only needs to stay spent for 2 years. Has that been your experience? Mr. Divine. If money gets taken into a resort, as I was starting to clarify earlier, the developer of that job would need to have the ability to find somebody to get the hotel or would certainly have to be able to find someone to re-finance it with various other cash.






It is not any much easier always than when it remained in the problems that resulted in the international capitalists being the very best alternative for financing the point to begin with. Hi there, if it is a successful project, it makes money, and it can be offered, I do not see any factor why the job need to not be able to be marketed and for the capitalist to be able to realize the return of his investment, maybe get on his financial investment, simply like every various other financier.

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If you have a task that is moneyed directly with the Immigrant Financier Program and it is believed to be utilizing undocumented workers, Immigration and Customs Enforcement could examine the company, could they not? Mr. Divine. They could. I indicate, I believe what we require to realize also is that the case that is being mentioned as evidence that sometimes these jobs have actually worked with an unapproved worker is one in which USCIS did some sort of monitoring and figured out that the employee was not licensed and quit it.


Chairman Leahy. That would certainly be the same with any type of business. Mr. Divine. Each of these companies is needed to complete the I-9 type, but USCIS goes a step even more and does a check of some kind that brought about the case that has been stated. Chairman Leahy. I am not a witness below, however I am so struck by Mr.


I indicate, I suggest that all of you actually-- Mr. North, in your instance, obtain out from inside the Beltway and go up there and chat with some of these individuals. For one thing, you do not have a lot of prohibited immigrants who rather have the Vermont accent you hear around there, especially when they chat concerning their grandparents that live there, and moms and dads and so forth.


Mr.


I asked Mr. Stenger this. Mr.


I mean, suggest agency in dig this effect isImpact USCIS is a fee-funded agency, firm it is check this site out essentially kind basically running a business and has to cover its expenses with costs income that revenue generated. To run this program appropriately, USCIS requires to staff up in a huge means, dealing with the quantity that is currently there and preparing for the boosted volume of even more financial investment as we obtain even close to half of the 10,000 visas that are offered in this category.

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I imply, that has reached really feel like a clashing circumstance, and you would certainly think of that it is mosting likely to hold somebody back. Now, I am not stating that they are holding back, and I know that they are attempting to staff up since I make certain they believe and hope that the program will certainly be reauthorized for the benefit of the Nation.


And is that truly where they are mosting likely to have the ability to spend their time and resources in trying to remove up the regulations of this program so that everybody knows whether they can certify see it here or otherwise and which kinds of jobs are going to certify etc? We require that continuously.


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