StartUp Visa Act of 2011

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.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 March 2011

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 March 2011

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• Introduced in Senate

  summary · EN · 14 March 2011

  Open at official source

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