- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
House Committee on the JudiciaryImmigration and Border SecurityIntroducedApril 29th, 2010
- house Committees
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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.
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.