StartUp Visa Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 30, 2013)
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.
What just happenedJan 30, 2013
Read twice and referred to the Committee on the Judiciary.
Who’s behind it
- Introduced in SenateJan 30, 2013
- Jan 30, 2013IntroReferral
Read twice and referred to the Committee on the Judiciary.
- Jan 30, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR S405-406)
- Jan 30, 2013IntroReferral10000
Introduced in Senate