Senators John Kerry and Richard Lugar today introduced The Startup Visa Act in Washington. The full text of the proposed legislation is here.
This new legislation is also supported by signatures from over 100 US venture capital and angel investors. The Startup Visa Act proposes legislation to modify the existing EB-5 Visa in order to drive job creation in the US and increase American global competitiveness. This would enable immigrant entrepreneurs who are creating new companies to secure visas to come to the United States, if there is investment capital available from a sponsoring US venture capital or angel investor of at least $100,000 in an equity financing of not less than $250,000.