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And I have actually been happy to satisfy them and proud to invite them. Chairman Leahy. Also, as my last concern, in several of the testimony today there has actually been a recommendation that, naturally, just with all the thousands of billions, trillions of dollars prepared to spend, you need to just go elsewhere.


Stenger. I would tell you that in this environment the ability to raise capital for the important things we are doing would certainly have-- it is impossible to do so in a way that would permit us as effectively and as promptly develop things we have actually done. You can borrow money if you have obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash money to install. Everybody knows that, yes, banks have money to funding as long as you have obtained fifty percent of it in your pocket before you ask for the various other half. That is not exactly how organization functions nowadays.

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Legislator Grassley. Senator Grassley. I want to admit that we just have unscientific information, however I would certainly such as to ask you to what level you have to go or do go to make sure that the facilities make sure that the investments do not develop work for individuals below illegally.


Mr. Stenger. Senator, I am a hands-on proprietor of a business, and I am on-property each and every single day. We have actually hired-- as I claimed, at the Top we had 550 building employees on our job. The marching orders that I offered to my group is that we are to work with neighborhood firms in practically every instance to do all of the construction.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the investment. I know the employees, I understand their families, and we have actually been able to utilize-- with these last 3 years of terrible financial chaos, we have actually been able to employ virtually every construction worker in our county and the bordering regions.

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residents. They stay in the area. Their family members are there. They are bought the communities, and they are all united state workers. Legislator Grassley. You do not have to utilize e-verify, yet I want to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the very same lines of the question I asked him, has your research study revealed instances other-- and I just gave one example, so I wish to confess that and be responsible regarding it-- of facilities hiring undocumented individuals? Mr. North. That sort of data is really tough to obtain from USCIS, and I should claim that what we do find out about most of the internal features of that firm regarding this program is concerned associates with more info cases in which the staff has stated no to an application of some kind and after that the local center or the individual entrepreneur has gone to the Administrative Appeals Office-- which is part of the agency-- and there we get records, we get a hearing officer telling us what is going on in that specific situation.




This is a bad application." There is an amount of negative applications out there, but just once that process obtains prior to a management legislation judge do we see much in the method of detail. Currently, there was one situation that you mentioned, and allow me just elaborate on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The milk farm had claimed 17 employees, and they obtained into it, and the court located that 16 of them were illegals.


Okay. I am mosting likely to ask different concerns of each of the three of you, but it deals with 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 facilities after receiving their permit.


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


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


Senator, no.