US HB1114 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on March 15 2011 - 25% progression, died in committee
Action: 2011-06-01 - Referred to the Subcommittee on Immigration Policy and Enforcement.
Pending: House Subcommittee on Immigration Policy and Enforcement Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

StartUp Visa Act of 2011

Sponsors


History

DateChamberAction
2011-06-01HouseReferred to the Subcommittee on Immigration Policy and Enforcement.
2011-03-16HouseReferred to the House Committee on the Judiciary.
2011-03-16HouseSponsor introductory remarks on measure. (CR E500)
2011-03-15HouseSponsor introductory remarks on measure. (CR E490)

Same As/Similar To

SB565 (Same As) 2011-03-14 - Read twice and referred to the Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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