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However the regulation claims you have actually reached spend 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 research on just how much cash stays beyond the 2 years? And the answer was no


Legislator Grassley. Thanks, Mr. Chairman. I would love to have a second round. Chairman Leahy. . Let me simply ask, Mr. Divine, you hear this criticism that the cash only needs to stay spent for 2 years. Has that been your experience? Mr. Divine. If cash gets placed into a hotel, as I was beginning to explain earlier, the developer of that project would have to be able to find someone to buy the hotel or would certainly have to have the ability to find somebody to re-finance it with other cash.






It is none simpler necessarily than when it was in the problems that brought about the foreign investors being the very best option for funding the point in the initial area. But, hello, if it is a successful task, it makes cash, and it can be marketed, I do not see any reason that the project should not have the ability to be offered and for the capitalist to be able to understand the return of his investment, possibly gain on his investment, just like every various other investor.

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If you have a project that is funded straight via the Immigrant Capitalist Program and it is believed to be employing undocumented employees, Migration and Customs Enforcement could examine the employer, could they not? Mr. Divine. They could. I mean, I think what we require to understand additionally is that the situation that is being mentioned as evidence that occasionally these projects have hired an unauthorized worker is one in which USCIS did some sort of checking and figured out that the employee was not authorized and stopped it.


Chairman Leahy. Yet that would certainly coincide with any company. Mr. Divine. Every one of these companies is needed to complete the I-9 type, but USCIS goes an action further and does a check of some kind that led to the situation that has actually been pointed out. Chairman Leahy. I am not read more a witness below, however I am so struck by Mr.


I suggest, I suggest that every one of you really-- Mr. North, in your instance, go out from inside the Beltway and rise there and talk with a few of these people. For something, you do not have also numerous prohibited immigrants who quite have the Vermont accent you hear around there, especially when they speak about their grandparents that live there, and parents and so on.


They will say, "We have got about 9 people right here, and we have actually been below since 5 o'clock this morning, Mister." [Laughter.] Chairman Leahy. Not rather what an unlawful immigrant may be stating. In reality, I believe Mr. Stenger would say that one of his British investors was thinking, "Are we all talking the very same language right here?" Mr.


I asked Mr. Stenger this. Let me ask you what your experience is as a former agency authorities. What does it do if Congress maintains meeting a final reauthorization? In this case it would certainly be, I assume, September of next 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 functional result? Mr.

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I imply, the company in result is-- USCIS is a fee-funded agency, so it is essentially type of running a company and needs to cover its expenditures with the income that is produced. To run this program appropriately, USCIS needs to staff up in a huge means, managing the volume that is already there and preparing for the boosted quantity of more investment as we get back at near to half of the 10,000 visas that are offered in this group.

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I suggest, that has obtained to seem like a clashing scenario, and you would visualize that it is going to hold somebody back. Now, I am not stating 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 truly where they are mosting likely to have the ability to spend their time and sources in attempting to clean up the regulations of this program so that everyone knows whether they can qualify or not and which sort of projects are going to certify and so forth? We need that consistently.


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