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And I have been proud to fulfill them and happy to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has been a suggestion that, of program, simply with all the hundreds of billions, trillions of bucks all set to spend, you should just go somewhere else.

Stenger. I would tell you that in this climate the capability to increase funding for the things we are doing would certainly have-- it is difficult to do so in a fashion that would certainly enable us as properly and as swiftly produce the points we have done. You can obtain cash if you have actually obtained 50 percent down.

I can have obtained fifty percent of that if I had the $12 million in cash money to install. Everyone knows that, yes, banks have money to finance as long as you have obtained fifty percent of it in your pocket before you request for the other fifty percent. That is not just how service works nowadays.

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Senator Grassley. Senator Grassley. I want to confess that we just have anecdotal information, but I would certainly such as to ask you to what degree you have to go or do go to make sure that the facilities make certain that the investments do not produce work for individuals below illegally.

Mr. Stenger. We have actually worked with-- as I said, at the Top we had 550 building employees on our job.

They are made up of 10, 15, 20, 30 employees. They are profiting straight from the financial investment. I know the workers, I understand their family members, and we have actually been able to use-- through these last 3 years of terrible financial chaos, we have actually been able to employ practically every building and construction employee in our area and the surrounding regions.

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They are invested in the areas, and they are all United state employees. Legislator Grassley. Mr. Stenger.

Thanks. Mr. North, along the same lines of the question I asked him, has your research revealed instances various other-- and I just offered one example, so I want to confess that and be responsible regarding it-- of facilities employing undocumented individuals? Mr. North. That sort of data is extremely tough to acquire from USCIS, and I should say that what we do learn about a number of the interior features of that agency regarding this program is worried connects to situations in which the personnel has stated no to an application of some kind and after that the local facility or the specific entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which is part of the company-- and there we get papers, we obtain a hearing policeman telling us what is going on because certain case.



This is check here a bad application." There is an amount of negative applications out there, however only as soon as that procedure gets before a management legislation court do we see much in the means of information. Now, there was one case that you discussed, and let me simply specify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products farm had actually claimed 17 employees, and they obtained right into it, and the judge discovered that 16 of them were illegals.

Okay. I am mosting likely to ask different inquiries of each of the 3 of you, but it manages this set concern. As I claimed in my opening statement, I am concerned about the prospective loophole that allows investors to withdraw their financial investment in local centers after obtaining their eco-friendly card.

Divine, are you knowledgeable about any circumstances in which a capitalist took out the financial investment and left promptly after receiving a copyright? And if you are, or if you think it is a problem, do you assume that it is a technicality that should be shut? Mr. Divine. I would certainly state that most of the investors, if you inquired what are their goals, they would say, "I intend to obtain a permit, and I wish to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her financial investment right away after receiving an environment-friendly card? Mr.

Senator, legislator.

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