Senators Kerry and Lugar Introduce the StartUp Visa Act of 2010
On 2/24/2010, Senators Kerry (D-MA) and Lugar (R-IN) announced the introduction of legislation aimed at driving job creation and increasing America's global competitiveness by helping immigrant entrepreneurs secure visas to the United States.
The bill, titled the StartUp Visa Act of 2010, will allow an immigrant entrepreneur to receive a two year visa if they can show that a qualified U.S. investor is willing to dedicate a significant sum - a minimum of $250,000 - to the immigrant's startup venture.
More than 160 venture capitalists from across the country have endorsed the senators' proposal.