U.S. Congress - H.R.5193 StartUp Visa Act of 2010
H.R.5193 - StartUp Visa Act of 2010
To establish an employment-based immigrant visa for alien entrepreneurs who have received significant capital from investors to establish a business in the United States. view all titles (2)
All Bill Titles
- Official: To establish an employment-based immigrant visa for alien entrepreneurs who have received significant capital from investors to establish a business in the United States. as introduced.
- Short: StartUp Visa Act of 2010 as introduced.
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Official Summary
4/29/2010--Introduced.StartUp Visa Act of 2010 - Amends the Immigration and Nationality Act to establish an employment-based, conditional immigrant visa (StartUp visa) for a sponsored alien entrepreneur: (1) with required amounts of financial backing from a qualifying investor or venture cOfficial Summary
4/29/2010--Introduced.StartUp Visa Act of 2010 - Amends the Immigration and Nationality Act to establish an employment-based, conditional immigrant visa (StartUp visa) for a sponsored alien entrepreneur:(1) with required amounts of financial backing from a qualifying investor or venture capitalist; and
(2) whose commercial activities will generate required levels of employment, revenue, or capital investment. Directs the Secretary of Homeland Security (DHS) to terminate the status of a sponsored entrepreneur (and the alien spouse and children of such entrepreneur) if, not later than three years after the date on which such permanent resident status was conferred:
(1) the sponsoring venture capitalist or investor failed to meet investment requirements; or
(2) the entrepreneur failed to meet job creation, capital investment, or revenue requirements.
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