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.
StartUp Visa Act of 2010 - 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 failed to meet investment requirements; or (2) the entrepreneur failed to meet job creation, capital investment, or revenue requirements.
Read twice and referred to the Committee on the Judiciary.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E709)
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
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