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And I have actually been happy to satisfy them and proud to welcome them. Chairman Leahy. As my last concern, in some of the testament this morning there has actually been a suggestion that, of course, just with all the hundreds of billions, trillions of dollars prepared to spend, you need to just go somewhere else.


Stenger. I would certainly tell you that in this climate the ability to increase capital for the important things we are doing would have-- it is difficult to do so in a way that would permit us as properly and as quickly develop the important things we have done. You can obtain money if you have obtained 50 percent down.


I can have borrowed half of that if I had the $12 million in cash to install. Everyone recognizes that, yes, banks have money to lending as long as you have actually got half of it in your pocket prior to you ask for the various other half. That is not just how organization works nowadays.

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Legislator Grassley. Senator Grassley. I want to admit that we only have anecdotal details, but I would certainly such as to ask you to what extent you have to go or do go to make certain that the centers make certain that the investments do not produce jobs for people here illegally.


Mr. Stenger. Senator, I am a hands-on owner of a service, and I am on-property every day. We have employed-- as I stated, at the Height we had 550 building employees on our task. The marching orders that I provided to my group is that we are to work with regional business in almost every instance to do all of the building.


They are made up of 10, 15, 20, 30 employees. They are profiting straight from the investment. I recognize the workers, I understand their households, and we have been able to employ-- via these last 3 years of horrible economic chaos, we have actually been able to use virtually every building and construction worker in our county and the surrounding counties.

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


Thank you. Mr. North, along the very same lines of the question I asked him, has your study revealed examples other-- and I only provided one example, so I desire to confess that and be liable about it-- of centers employing undocumented individuals? Mr. North. That type of information is really hard to obtain from USCIS, and I have to say that what we do understand around numerous of the internal features of that company as for this program is concerned connects to instances in which the personnel has actually stated no to an application of some kind and after that the local facility or the specific entrepreneur has gone to the Administrative Appeals Office-- which belongs to the agency-- and there we get records, we obtain a hearing police officer informing us what is taking place because certain instance.




This is a bad application." There is a quantity of negative applications out there, however only once that procedure gets prior to a management law judge do we see much in the method of information. Now, there was one instance that you mentioned, and allow me just specify on that a little bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had asserted 17 workers, and they obtained right into it, and the court discovered that 16 of them were illegals.


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, yet it deals check here with this set problem. As I stated in my opening statement, I am concerned about the possible loophole that permits investors to withdraw their financial investment in local facilities after getting their environment-friendly card.


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


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


Senator, no.