,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ecgh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ca1 #bjad ,ms4 
,s9ema 7= h]self & ,mr4 ,valadao7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ! ,judici>y  ,a ,,bill 
,to e/abli% an employm5t-bas$ immigrant 
visa = ali5 entrepr5eurs :o h receiv$   
significant capital f inve/ors to       
e/abli% a bus9ess 9 ! ,unit$ ,/ates4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,start,up ,act ( #bjad4  #b4 ,start,up
 ,visas  7a7 ,9 g5]al ,section #bjc7;b7 
( ! ,immigration & ,nationality ,act 7#h
 ,u4,s4,c4 #bjc7;b77 is am5d$--  7#a7 by
 r$esignat+ p>agraph 7#f7 z p>agraph    
7#g72 &  7#b7 by ins]t+ aft] p>agraph   
7#e7 ! foll[+3  7#f7 ,sponsor$          
entrepr5eurs  7,a7 ,9 g5]al ,start,up   
visas %all be made available1 f ! numb] 
( visas allocat$ "u p>agraph 7#e71 to   
qualifi$ immigrant entrepr5eurs--  7i7  
7,i7 :o h prov5 t a qualifi$ v5ture     
capitali/ or a qualifi$ sup] angel      
inve/or1 z det]m9$ by ! ,secret>y (     

,homel& ,security1 has inve/$ n less ?an
 #ajj1jjj on behalf ( ea* su*           
entrepr5eur2 &  7,,ii7 ^: comm]cial     
activities w1 dur+ ! #b-ye> p]iod beg9n+
 on ! date on :i* ! visa is issu$ "u ?is
 subp>agraph--  7aa7 create n few] ?an  
#e new full-"t jobs 9 ! ,unit$ ,/ates   
employ+ p o!r ?an ! immigrant's sp\se1  
sons1 or daught]s2  7bb7 raise n less   
?an #ejj1jjj 9 capital inve/m5t 9       
fur!rance ( a comm]cial entity bas$ 9 ! 
,unit$ ,/ates2 or  7cc7 g5]ate n less   
?an #ejj1jjj 9 rev5ue2  7ii7  7,i7 :o-- 
7aa7 hold an unexpir$ ,h#a-;,b visa2 or 
7bb7 h complet$ a graduate level degree 
9 sci5ce1 te*nology1 eng9e]+1 ma?1      
comput] sci5ce1 or o!r relevant academic
 discipl9e f an accr$it$ ,unit$ ,/ates  
college1 univ]sity1 or o!r in/itution ( 
high] education2  7,,ii7 :o demon/rate--
  7aa7 annual income ( n less ?an #bej  
p]c5t ( ! ,f$]al pov]ty level2 or  7bb7 
! possession ( assets equival5t to n    
less ?an #b ye>s ( income at #bej p]c5t 
( ! ,f$]al pov]ty level2 &  7,,iii7 :o h

 prov5 t a qualifi$ v5ture capitali/ or 
a qualifi$ sup] angel inve/or1 z det]m9$
 by ! ,secret>y ( ,homel& ,security1 has
 inve/$ n less ?an #bj1jjj on behalf (  
ea* su* entrepr5eur2 or  7iii7 :o h a   
controll+ int]e/ 9 a =eign company--    
7,i7 t has g5]at$1 dur+ ! mo/ rec5t     
#ab-mon? p]iod1 n less ?an #ajj1jjj 9   
rev5ue f sales 9 ! ,unit$ ,/ates2 &     
7,,ii7 ^: comm]cial activities1 dur+ !  
#b-ye> p]iod beg9n+ on ! date on :i* !  
visa is issu$ "u ?is subp>agraph1 w--   
7aa7 create n few] ?an #c new full-"t   
jobs 9 ! ,unit$ ,/ates t employ p o!r   
?an ! immigrant's sp\se1 sons1 or       
daught]s2  7bb7 raise n less ?an        
#ajj1jjj 9 capital inve/m5t 9 fur!rance 
( a comm]cial entity bas$ 9 ! ,unit$    
,/ates2 or  7cc7 g5]ate n less ?an      
#ajj1jjj 9 rev5ue4  7,b7 ,revocation ,if
 ! ,secret>y ( ,homel& ,security        
det]m9es t ! comm]cial activities ( an  
ali5 :o receiv$ a ,start,up visa        
pursuant to subp>agraph 7,a77i77,,ii7   
fail to meet ! requirem5ts "u su*       

subp>agraph1 ! ,secret>y %all1 n lat]   
?an #a ye> aft] ! end ( ! applicable    
#b-ye> p]iod describ$ 9 su*             
subp>agraph--  7i7 revoke su* visa2 &   
7ii7 notify ! ali5 t he or %e--  7,i7   
may volunt>ily dep>t f ! ,unit$ ,/ates 9
 accordance to section #bdj;,b2 or      
7,,ii7 w be subject to removal proce$+s 
"u section #bdj if ! ali5 does n dep>t f
 ! ,unit$ ,/ates n lat] ?an #f mon?s    
aft] receiv+ su* notification4  7,c7    
,def9itions ,9 ?is p>agraph3  7i7       
,qualifi$ sup] angel inve/or ,! t]m     
qualifi$ sup] angel inve/or means an    
individual :o--  7,i7 is an accr$it$    
inve/or 7z def9$ 9 section #bcj4eja7;a7 
( title #ag1 ,code ( ,f$]al             
,regulations72  7,,ii7 is a ,unit$      
,/ates citiz52 &  7,,iii7 has made at   
lea/ #b equity inve/m5ts ( n less ?an   
#ej1jjj 9 ea* ( ! previ\s #c ye>s4  7ii7
 ,qualifi$ v5ture capitali/ ,! t]m      
qualifi$ v5ture capitali/ means an      
entity t--  7,i7 is classifi$ z a v5ture
 capital op]at+ company "u section      

#beaj4c-aja7;d7 ( title #bi1 ,code (    
,f$]al ,regulations2  7,,ii7 is bas$ 9 !
 ,unit$ ,/ates2  7,,iii7 is compris$ (  
p>tn]s1 ! majority ( :om are ,unit$     
,/ates citiz5s2  7,,iv7 has capital     
commitm5ts ( n less ?an #aj1jjj1jjj2    
7,v7 has be5 op]at+ = at lea/ #b ye>s2 &
  7,,vi7 has made at lea/ #b inve/m5ts (
 n less ?an #ejj1jjj dur+ ea* ( ! mo/   
rec5t #b ye>s4  4  7b7 ,conditional     
p]man5t resid5t /atus ,section #baf;,a (
 ! ,immigration & ,nationality ,act 7#h 
,u4,s4,c4 #aahf;b7 is am5d$--  7#a7 by  
/rik+ ,attorney ,g5]al ea* place su* t]m
 appe>s & ins]t+ ,secret>y ( ,homel&    
,security2  7#b7 9 subsection 7a7--     
7,a7 9 p>agraph 7#a7--  7i7 by /rik+ 7z 
def9$ 9 subsection 7f77#a77 & ins]t+ 1  
sponsor$ entrepr5eur2 &  7ii7 by /rik+  
7z def9$ 9 subsection 7f77#b77 %all &   
ins]t+ %all ea*2 &  7,b7 9 p>agraph     
7#b77;,a71 by ins]t+ sponsor$           
entrepr5eur1 aft] ali5 entrepr5eur12    
7#c7 9 subsection 7b71 by add+ at ! end 
! foll[+3  7#c7 ,sponsor$ entrepr5eurs  

,! ,secret>y ( ,homel& ,security %all   
t]m9ate ! p]man5t resid5t /atus ( a     
sponsor$ entrepr5eur & ! ali5 sp\se &   
*ildr5 ( su* entrepr5eur if ! ,secret>y 
det]m9es1 n lat] ?an #c ye>s aft] ! date
 on :i* su* p]man5t resid5t /atus 0     
conf]r$1 t--  7,a7 ! qualifi$ v5ture    
capitali/ or qualifi$ sup] angel inve/or
 :o sponsor$ ! entrepr5eur fail$ to meet
 ! inve/m5t requirem5ts "u section      
#bjc7;b77#f77;,a77i72 or  7,b7 !        
entrepr5eur fail$ to meet ! job         
creation1 capital inve/m5t1 or rev5ue   
g5]ation requirem5ts "u section         
#bjc7;b77#f77;,a77ii74  2  7#d7 9       
subsection 7c7--  7,a7 9 p>agraph 7#a7--
  7i7 9 ! matt] prec$+ subp>agraph 7,a71
 by ins]t+ sponsor$ entrepr5eur1 aft]   
ali5 entrepr5eur12 &  7ii7 by /rik+ ali5
 entrepr5eur mu/ ea* place su* t]m      
appe>s & ins]t+ entrepr5eur %all2 &     
7,b7 9 p>agraph 7#c7--  7i7 9           
subp>agraph 7,a77ii71 by ins]t+ or      
sponsor$ entrepr5eur aft] ali5          
entrepr5eur2 &  7ii7 9 subp>agraph 7,c71

 by ins]t+ sponsor$ entrepr5eur1 aft]   
ali5 entrepr5eur2  7#e7 9 subsection    
7d77#a7--  7,a7 9 ! matt] prec$+        
subp>agraph 7,a71 by /rik+ ali5 & ins]t+
 ali5 entrepr5eur or sponsor$           
entrepr5eur1 z applicable2  7,b7 9      
clause 7i71 by /rik+ inve/$1 or is      
actively 9 ! process ( inve/+1 & ins]t+ 
has inve/$1 is actively 9 ! process (   
inve/+1 or has be5 sponsor$ by a        
qualifi$ sup] angel inve/or or qualifi$ 
v5ture capitali/ :o has inve/$12 &  7,c7
 9 clause 7ii71 by ins]t+ or            
#bjc7;b77#f71 z applicable be=e ! p]iod 
at ! end2 &  7#f7 9 subsection 7f71 by  
add+ at ! end ! foll[+3  7#d7 ,! t]m    
sponsor$ entrepr5eur means an ali5 :o   
obta9s ! /atus ( an ali5 lawfully       
admitt$ = p]man5t resid5ce "u section   
#bjc7;b77#f74  4  #c4 ,gov]nm5t         
,acc\ntability ,(fice /udy  7a7 ,9 g5]al
 ,n lat] ?an #b ye>s aft] ! date ( !    
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all submit a  
report to ,congress on ! ,start,up ,visa

 ,program1 au?oriz$ "u section          
#bjc7;b77#f7 ( ! ,immigration &         
,nationality ,act1 z add$ by section #b4
  7b7 ,cont5ts ,! report describ$ 9     
subsection 7a7 %all include in=mation   
reg>d+--  7#a7 ! numb] ( immigrant      
entrepr5eurs :o h receiv$ a visa "u !   
immigrant entrepr5eurs program e/abli%$ 
"u section #bjc7;b77#f7 ( ! ,immigration
 & ,nationality ,act1 li/$ by c\ntry (  
orig92  7#b7 ! localities 9 :i* su*     
immigrant entrepr5eurs h initially      
settl$2  7#c7 :e!r su* immigrant        
entrepr5eurs g5]ally rema9 9 !          
localities 9 :i* !y initially settle2   
7#d7 ! types ( comm]cial ent]prises t   
su* immigrant entrepr5eurs h e/abli%$2 &
  7#e7 ! types & numb] ( jobs creat$ by 
su* immigrant entrepr5eurs4