S. 565 (112th): StartUp Visa Act of 2011

Introduced:
Mar 14, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
See Instead:

H.R. 1114 (same title)
Referred to Committee — Mar 16, 2011

Sponsor
John Kerry
Senator from Massachusetts
Party
Democrat
Text
Read Text »
Last Updated
Mar 14, 2011
Length
11 pages
Related Bills
S. 3029 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Feb 24, 2010

H.R. 1114 (identical)

Referred to Committee
Last Action: Mar 16, 2011

 
Status

This bill was introduced on March 14, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 14, 2011
Referred to Committee Mar 14, 2011
 
Full Title

A bill to establish an employment-based immigrant visa for alien entrepreneurs who have received significant capital from investors to establish a business in the United States.

Summary

No summaries available.

Cosponsors
7 cosponsors (6D, 1R) (show)
Committees

Senate Judiciary

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


3/14/2011--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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