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However the legislation states you have actually reached invest for 2 years and that is all. Second, at one of the stakeholders conferences place on by USCIS, I asked a question: Have you done any kind of study on just how much money remains past the 2 years? And the solution was no


Thank you, Mr. Chairman. Let me just ask, Mr. Divine, you hear this objection that the cash just has to stay invested for 2 years. Mr. Divine.






It is not any type of much easier necessarily than when it was in the conditions that resulted in the international financiers being the most effective alternative for funding the thing to begin with. However, hi, if it is an effective task, it makes cash, and it can be sold, I do not see any type of reason that the project need to not be able to be offered and for the capitalist to be able to realize the return of his financial investment, maybe get on his financial investment, just like every various other investor.

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If you have a task that is funded straight through the Immigrant Capitalist Program and it is believed to be utilizing undocumented employees, Immigration and Traditions Enforcement could examine the company, could they not? Mr. Divine.


Chairman Leahy. That would be the very same with any firm. Mr. Divine. Every one of these companies is required to finish the I-9 form, however USCIS goes an action further and does a check of some kind that caused the case that has been pointed out. Chairman Leahy. I am not a witness here, but I am so struck by Mr.


I indicate, I advise that all of you really-- Mr. North, in your instance, get out from inside the Beltway and increase there and speak with several of these people. For one point, you do not have a lot of unlawful immigrants that fairly have the Vermont accent you hear around there, particularly when they chat concerning their grandparents that live there, and moms and dads and so on.


They will certainly state, "We have actually got concerning nine people here, and we have actually been here given that 5 o'clock today, Mister." [Laughter.] Chairman Leahy. Not rather what an illegal alien may be claiming. As a matter of fact, I assume Mr. Stenger read what he said would claim that one of his British financiers was thinking, "Are all of us speaking the exact same language below?" Mr.


I asked Mr. Stenger this. Allow me ask you what your experience is as a former company official. What does it do if Congress maintains tasting a last-minute reauthorization? In this case it would be, I believe, September of following year, September of 2012. What does that do to a firm attempting to provide a program if Congress waits until the last few days to reauthorize it? What is the practical result? Mr.

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I indicate, the company essentially is-- USCIS is a fee-funded firm, so it is basically sort of running a business and has to cover its expenses with the income that is created. To run this program appropriately, USCIS requires to staff up in a large means, handling the volume that is already there and anticipating the boosted quantity of even more investment as we get back at close to half of the 10,000 visas that are available in this category.

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I indicate, that has actually obtained to feel like a clashing situation, and you would picture that it is mosting likely to hold somebody back. Now, I am not claiming that they are holding back, and I recognize that they are trying to staff up since I make sure they believe and wish that the program will be reauthorized for the benefit of the Country.


And is that actually where they are mosting likely to be look at more info able to spend their time and sources in attempting to improve the policies of this program to make sure that everyone knows whether they can qualify or not and which kinds of projects are going to qualify and so forth? We need that continuously.


And, Mr. Stenger, we in Vermont-- once again, a little State, have a peek here yet we have the State federal government included with the Vermont Regional. Mr. Stenger.