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S.189: StartUp Visa Act of 2013

About this Bill

You can read the bill
Sponsor Mark Udall, D-Colo.
Total Cosponsors 5 (4 Democrats, 1 Republican)
Introduced Jan. 30, 2013
Latest Major Action Jan. 30, 2013
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Bill Progress

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

Bill Summary

StartUp Visa Act of 2013 - 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.

(Source: Congressional Research Service)

Bill Actions

Date Description
Jan. 30, 2013 Read twice and referred to the Committee on the Judiciary.