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house Bill H.R. 5378

Offering Visas To Immigrant Entrepreneurs

Argument in favor

The American economy will benefit from entrepreneurs immigrating to the U.S. to create jobs and attract investment.

Argument opposed

This is a watered down version of previous attempts at streamlining the immigration process for entrepreneurs. A more comprehensive approach would be preferable to piecemeal legislation.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on the Judiciary
      Immigration and Citizenship
    IntroducedJuly 31st, 2014

Bill Details

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Title

StartUp Act of 2014

Official Title

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.

Summary

StartUp Visa Act of 2014 - 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 fails to meet investment requirements; or (2) the entrepreneur fails to meet job creation, capital investment, or revenue requirements.