Pass the Startup Visa Act
This petition had 953 supporters
On February 24, 2010, Senator John Kerry and Senator Richard Lugar introduced bipartisan legislation to make it easier for international entrepreneurs to get a visa that would allow them to build their companies in the United States.
The new visa would build off the existing EB-5 class visa that currently provides a mechanism for foreign investors who are creating jobs in the USA to get permanent legal resident status. The new EB-6 Startup Visa would allow foreign entrepreneurs who have raised $250,000 from accredited investors in the USA to qualify for a two-year visa. After two years, if they have created 5 permanent full-time jobs, raised $1,000,000 more in funding, or have achieved $1,000,000 in revenue, they automatically qualify for permanent legal resident status.
This act is good for the American economy, as it provides a mechanism for new entrepreneurs to create jobs in the USA. It's also good for American society, as it helps preserve America as a beacon for entrepreneurs everywhere.
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