H.R. 5378 · 113th Congress
StartUp Act of 2014
- Stage
- In committee
- Sponsor
- Kyrsten Sinema
- Introduced
- 2014-07-31
- Latest action
- 2014-09-26 · Referred to the Subcommittee on Immigration and Border Security.
Summary
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.