New Bill Welcomes High-Tech Entrepreneurs to the U.S.

May 23, 2012

After the JOBS Act legalized crowdfunding-based investments in new businesses, the startup community set its sights on a new legislative goal: granting visas to foreigners who are pursuing a high-tech degree or building a business in the United States.

The Startup Act 2.0, introduced to the Senate this week, would create two new types of visas: a “STEM visa” for foreign-born students earning advanced degrees in science, technology, engineering and math in the U.S. and an “Entrepreneur’s visa” for foreigners starting businesses in the country.

Both visas would give foreigners a new path to American citizenship so long as they continue working in STEM or expanding their business for three to five years.

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New American Economy is a bipartisan research and advocacy organization fighting for smart federal, state, and local immigration policies that help grow our economy and create jobs for all Americans. More…