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And I have been pleased to meet them and proud to invite them. Chairman Leahy. Likewise, as my last concern, in some of the testimony this early morning there has been a pointer that, obviously, simply with all the numerous billions, trillions of bucks prepared to invest, you must simply go elsewhere.


Stenger. I would tell you that in this climate the ability to increase funding for the things we are doing would have-- it is difficult to do so in a way that would allow us as efficiently and as quickly produce the things we have actually done. You can borrow cash if you have actually obtained 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash to put up. Everyone knows that, yes, banks have cash to funding as long as you have obtained half of it in your pocket prior to you ask for the other fifty percent. That is not how organization works these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as an unjustified comment from the Chairman. Senator Grassley. Senator Grassley. Thanks. I desire to be responsible in this issue of undocumented employees. I intend to confess that we only have anecdotal info, yet I wish to ask you to what degree you need to go or do most likely to make certain that the facilities see to it that the investments do not create tasks for individuals below unlawfully.


Mr. Stenger. We have actually hired-- as I stated, at the Top we had 550 construction workers on our job.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I recognize the workers, I know their family members, and we have actually been able to utilize-- through these last 3 years of terrible financial chaos, we have been able to employ almost every construction employee in our region and the surrounding areas.

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They are spent in the areas, and they are all U.S. workers. Legislator Grassley. Mr. Stenger.


Thanks. Mr. North, along the very same lines of the concern I asked him, has your research study shown instances other-- and I only offered one example, so I want to admit that and be responsible concerning it-- of facilities employing undocumented people? Mr. North. That sort of data is very tough to obtain from USCIS, and I should state that what we do understand about much of the internal features of that agency as for this program is concerned connects to situations in which the staff has stated no to an application of some kind and after that the local facility or the individual entrepreneur has gone to the Administrative Appeals Office-- which belongs to the firm-- and there we obtain records, we obtain a hearing police officer telling us what is going on in that particular case.




This is a negative application." So there is an amount of negative applications around, however only once that procedure obtains before a management legislation judge do we see a lot in the means of detail. Now, there was one case that you mentioned, and allow me just specify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The dairy farm had actually asserted 17 workers, and they got into it, and the judge located that 16 of them were illegals.


Okay. I am mosting likely to ask separate concerns of each of the three of you, but it deals with this set problem. As I claimed get more info in my opening declaration, I am worried regarding the prospective loophole that permits capitalists to withdraw their financial investment in regional facilities after getting their permit.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their goals, they would state, "I desire to get a copyright, and I want to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her investment quickly after obtaining an eco-friendly card? Mr.


Senator, legislator.