S 5287
Startup Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Startup Act aims to boost economic recovery by supporting new businesses and innovation. It provides conditional permanent resident visas for qualified immigrants with advanced STEM degrees and establishes a grant program to promote the commercialization of federally-funded research. The bill also increases the number of available employment-based immigrant visas and streamlines the process for entrepreneurs to obtain permanent residency. Furthermore, it requires federal agencies to analyze the economic impact of new rules and establishes a reporting system for startup business formation.
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