US Congress House Bill 5378 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on July 31 2014 - 25% progression, died in committee
Action: 2014-09-26 - Referred to the Subcommittee on Immigration and Border Security.
Pending: House Subcommittee on Immigration And Border Security Committee
Text: Latest bill text (Introduced) [PDF]

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.

StartUp Act of 2014

Sen. Kyrsten Sinema [I-AZ]

Rep. David Valadao [R-CA]

Date	Chamber	Action
2014-09-26	House	Referred to the Subcommittee on Immigration and Border Security.
2014-08-01	House	Sponsor introductory remarks on measure. (CR E1305-1306)
2014-07-31	House	Referred to the House Committee on the Judiciary.

SB189 (Related) 2013-01-30 - Read twice and referred to the Committee on the Judiciary.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5378/all-info
Text	https://www.congress.gov/113/bills/hr5378/BILLS-113hr5378ih.pdf