What is the Start Up Act?
The Start Up Act is a bill that would change immigration laws for immigrant entrepreneurs and highly-skilled immigrants.
The goal of the Start Up Act is to make it easier for foreign-born investors to get Green Cards. To be eligible, the investors would have to raise $100,000 for new ventures that would hire at least two employees within a year and at least five employees within the next three years. There are other key measures in the bill, including the proposal of a new visa for U.S.-educated foreign students in science, technology, engineering or mathematics.
The first two versions of this legislation have not passed in Congress. The Start Up 3.0 was submitted on Capitol Hill this week.
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