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HR 5378 113th Congress House Immigration Business investment and capital Congressional oversight Foreign labor Immigration status and procedures U.S. and foreign investments Visas and passports

StartUp Act of 2014

Introduced: July 31, 2014 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2014
Referred to the Subcommittee on Immigration and Border Security.
Aug 1, 2014
Sponsor introductory remarks on measure. (CR E1305-1306)
Jul 31, 2014
Referred to the House Committee on the Judiciary.
Jul 31, 2014
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now September 26, 2014

Referred to the Subcommittee on Immigration and Border Security.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1