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senate Bill S. 189

Should The U.S. Create Special Visas For Foreign Entrepreneurs?

Argument in favor

Immigrants have higher rates of business creation and ownership, and encouraging more foreign entrepreneurs to come to the U.S. would help accelerate the U.S. economic recovery.

Argument opposed

Immigrants should have to go through the existing immigration channels just like everyone else — the U.S. shouldn't be making special exceptions for immigrants, no matter how skilled they are.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on the Judiciary
    IntroducedJanuary 30th, 2013

Bill Details

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Title

StartUp Visa Act of 2013

Official Title

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.

Summary

StartUp Visa Act of 2013 - 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.