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H.R.714: Startup Act 3.0

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about economics and public finance
You can read the bill
Sponsor Mike Grimm, R-N.Y.
Total Cosponsors 14 (8 Democrats, 6 Republicans)
Introduced Feb. 14, 2013
Latest Major Action April 8, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Startup Act 3.0 - Amends the Immigration and Nationality Act to authorize the Secretary of Homeland Security (DHS) to adjust to conditional permanent resident status up to 50,000 aliens who have earned a master's or doctorate degree in a science, technology, engineering, or mathematics field (STEM field) and permit such an alien to remain in the United States: (1) for up to one year after the expiration of the alien's student visa, if the alien is searching for STEM field employment; and (2) indefinitely if the alien remains actively engaged in a STEM field.

Removes a STEM alien's conditional status after five years of maintaining eligibility during the entire five-year period.

Authorizes the Secretary to issue conditional immigrant visas to up to 75,000 qualified alien entrepreneurs. Removes such conditional basis after four years of maintaining qualified entrepreneur status.

Eliminates the per-country numerical limitation for employment-based visas.

(Source: Congressional Research Service)

Bill Actions

Date Description
April 8, 2013 Referred to the Subcommittee on Immigration And Border Security.
March 7, 2013 Referred to the Subcommittee on Research and Technology.
Feb. 15, 2013 Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Feb. 14, 2013 Referred to House Energy and Commerce
Feb. 14, 2013 Referred to House Appropriations
Feb. 14, 2013 Referred to House Science, Space, and Technology
Feb. 14, 2013 Referred to House Ways and Means
Feb. 14, 2013 Referred to House Judiciary