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S 565 112th Congress Senate Immigration Business investment and capital Congressional oversight Foreign labor Immigration status and procedures U.S. and foreign investments Visas and passports

StartUp Visa Act of 2011

Introduced: March 14, 2011 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2011
Read twice and referred to the Committee on the Judiciary.
Mar 14, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

StartUp Visa Act of 2011 - 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's happening now March 14, 2011

Read twice and referred to the Committee on the Judiciary.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4