US HB5193 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on April 29 2010 - 25% progression, died in chamber
Action: 2010-06-15 - Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

StartUp Visa Act of 2010

Sponsors


History

DateChamberAction
2010-06-15 Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
2010-04-29 Referred to the House Committee on the Judiciary.
2010-04-29 Sponsor introductory remarks on measure. (CR E709)

Same As/Similar To

SB3029 (Same As) 2010-02-24 - Read twice and referred to the Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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