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Congressional Legislation
StartUp Visa Act of 2010
Bill # H.R.5193

Original Sponsor:
Carolyn Maloney (D-NY 14th)

Cosponsor Total: 1
(last sponsor added 04/29/2010)
  1 Democrats
About This Legislation:
4/29/2010--Introduced. SAmends 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.
Detailed, up-to-date bill status information on H.R.5193.
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