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StartUp Visa Act Introduced

This week Senator Kerry (D-MA) and Senator Lugar (R-IN) proposed legislation that would increase job creation and U.S. competitiveness worldwide. The proposed act, known as the StartUp Visa Act of 2010, would help foreign entrepreneurs secure a two-year U.S. visa if they can demonstrate that a qualified U.S. investor will dedicate a minimum of $250,000 to the foreign national’s startup venture. Over 160 U.S. venture capitalists have endorsed this proposal. For more information about the Act, please visit http://lugar.senate.gov/press/record.cfm?id=322460.