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And I have been happy to meet them and happy to welcome them. Chairman Leahy. Additionally, as my last inquiry, in some of the testament today there has been a suggestion that, certainly, just with all the numerous billions, trillions of bucks ready to spend, you should just go elsewhere.

Stenger. I would tell you that in this climate the ability to elevate funding for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would permit us as successfully and as swiftly produce the things we have actually done. You can obtain cash if you have got 50 percent down.

I can have obtained half of that if I had the $12 million in cash to place up. Every person recognizes that, yes, banks have cash to lending as long as you have got fifty percent of it in your pocket before you ask for the other fifty percent. That is not how business functions nowadays.

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Legislator Grassley. Legislator Grassley. I desire to confess that we just have anecdotal details, however I would certainly like to ask you to what degree you have to go or do go to make sure that the centers make sure that the investments do not create jobs for individuals below illegally.

Mr. Stenger. We have actually employed-- as I claimed, at the Height we had 550 building and construction workers on our job.

They are made up of 10, 15, 20, 30 workers. They are profiting directly from the investment. I understand the workers, I recognize their households, and we have been able to use-- through these last 3 years of dreadful financial turmoil, we have been able to utilize nearly every building and construction worker in our region and the bordering counties.

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residents. They stay in the location. Their households are there. They are spent in the areas, and they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, yet I would certainly like to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.

Thank you. Mr. North, along the exact same lines of the question I asked him, has your research revealed examples various other-- and I only offered one example, so I wish to admit that and be accountable about it-- of centers employing undocumented people? Mr. North. That kind of information is very difficult to get from USCIS, and I have to claim that what we do find out about most of the internal points about that firm as far as this program is worried associates with instances in which the personnel has actually said no to an application of some kind and after that the regional center or the individual entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which becomes part of the agency-- and there we get records, we get a hearing policeman informing us what is taking place because certain instance.



This is a negative application." So there is an amount of bad applications around, but only when that process gets prior to a management regulation judge do we see much in the means of detail. Now, there was one situation that you pointed out, and let me simply elaborate on that particular a bit.

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Mr - EB5 Regional Center Program. North. The dairy farm had declared 17 workers, and they obtained into it, and the court found that 16 of them were illegals.

Okay. I am going to ask different questions of each of the 3 of you, yet it deals with this issue. As I stated in my opening statement, I am concerned regarding the prospective more info technicality that allows capitalists to withdraw their financial investment in local facilities after receiving their environment-friendly card.

Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their objectives, they would certainly claim, "I want to obtain a copyright, and I desire to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment right away after obtaining a copyright? Mr.

Senator, no.

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