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However the law says you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders conferences put on by USCIS, I asked a concern: Have you done any research on just how much cash stays beyond the 2 years? And the answer was no


Senator Grassley. Thanks, Mr. Chairman. I would love to have a 2nd round. Chairman Leahy. Absolutely. Let me simply ask, Mr. Divine, you hear this objection that the money only has to stay invested for 2 years. Has that been your experience? Mr. Divine. If money gets put into a hotel, as I was beginning to discuss earlier, the designer of that task would certainly have to have the ability to find somebody to acquire the hotel or would need to be able to discover somebody to re-finance it with various other cash.

It is none easier necessarily than when it remained in the conditions that caused the international capitalists being the finest alternative for funding the important things in the initial place. Hello, if it is an effective job, it makes money, and it can be marketed, I do not see any reason why the job must not be able to be offered and for the financier to be able to recognize the return of his investment, possibly get on his financial investment, just like every various other financier.

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If you have a job that is funded straight with the Immigrant Capitalist Program and it is believed to be utilizing undocumented workers, Immigration and Customs Enforcement could investigate the company, could they not? Mr. Divine.


Mr. Divine. Every one of these companies is called for to complete the I-9 form, yet USCIS goes a step better and does a check of some kind that led to the situation that has actually been stated. I am not a witness below, but I am so struck by Mr.

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

They will certainly claim, "We have obtained about 9 people here, and we have been right here given that 5 o'clock this early morning, Mister." [Giggling.] Chairman Leahy. Not rather what an illegal alien click to find out more could be saying. Actually, I assume Mr. Stenger would say that one of his British investors was assuming, "Are most of us talking the same language here?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a previous firm authorities. What does it do if Congress keeps tasting a last-minute reauthorization? In this situation it would be, I assume, September of following year, September of 2012. What does that do to a company trying to carry out a program if Congress waits up until the last couple of days to reauthorize it? What is the practical effect? Mr.

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I suggest, the company basically over here is-- USCIS is a fee-funded firm, so it is essentially kind of running a service and has to cover its costs with the revenue that is generated. To run this program properly, USCIS needs to staff up in a huge way, managing the volume that is currently there and anticipating the enhanced quantity of even more investment as we obtain also near half of the 10,000 visas that are offered in this classification.

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I indicate, that has actually reached seem like a clashing circumstance, and you would think of that it is mosting likely to hold someone back. Currently, I am not saying that they are keeping back, and I recognize that they are trying to staff up because I make certain they think and wish that the program will be reauthorized for the advantage of the Country.


And is that actually where they are mosting likely to be able to invest their time and resources in trying to clear the rules of this program to make sure that everyone knows whether you can try these out they can certify or not and which kinds of tasks are going to qualify etc? We need that consistently.


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