S.565 - StartUp Visa Act of 2011

A bill 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: A bill 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 2011 as introduced.

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Bill’s Views

  • Today: 6
  • Past Seven Days: 12
  • All-Time: 4,765
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/14/11
 
 
 
 
 
 
 

Official Summary

StartUp Visa Act of 2011 - 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, government entity, or venture capi

Official Summary

StartUp Visa Act of 2011 - 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, government entity, 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 fails to meet investment requirements; or
(2) the entrepreneur fails to meet job creation, capital investment, or revenue requirements.

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Organizations Supporting S.565

  • National Venture Capital Association
  • Compete America
  • Telecommunications Industry Association
  • American Council on International Personnel
  • Consumer Electronics Association
  • American Bar Association
  • ...and 2 more. See all.

Organizations Opposing S.565

  • Programmers Guild
  • NumbersUSA
  • Center for Immigration Studies


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