Posted on 02/27/2010 5:48:49 PM PST by cajuncow
Foreign scientists who want to start a U.S. company would have a better shot at doing so under two bills introduced recently in both the House of Representatives and the Senate. The bills, which have received broad support from venture capitalists, would create a new path within U.S. immigration law for entrepreneurs who have attracted venture capital for their startup. Immigration reform is a political hot potato, however, so success may depend on convincing Congress that job creation is a non-partisan issue.
On Wednesday Senators John Kerry (D-MA) and Richard Lugar (R-IN) introduced the StartUp Visa Act of 2010. A press release explains that the bill would permit an "immigrant entrepreneur to receive a 2-year visa if he or she can show that a qualified U.S. investor is willing to dedicate a significant sum-a minimum of $250,000-to the immigrant's start-up venture." It would create a new visa category, EB-6. Under current law, immigrant entrepreneurs who receive a EB-5 visa must agree to invest at least $1 million in a new business that would employ 10 or more people.
(Excerpt) Read more at news.sciencemag.org ...
Yeah...and if you make accelerator pedals we’d prefer it if you have meager legal resources, and that you promise to be a union shop.
When Canada started down the socialist path, this is the path that they, too, took. And now they’ve got “Hongkouver”.
Instead of permitting current Americans to thrive, they get around the “running on empty” problem by cynically harvesting the fact that FOR NOW the rest of the world is even MORE screwed up.
Well, that is not fixed —that gap will eventually erode, ya know?
SELLING OUR BIRTHRIGHT TO THE HIGHEST BIDDER.
This really pisses me off!
If government would get the hell out of the way and reform the patent laws so “ideas” without actual inventions can’t be patented, U.S. entrepreneurs would be working their fannies off.
Unfortunately, there is this existing bias against Americans.
obama has asked for money to set up muslims so I fully expect taxpayers will be footing this bill and not private citizens so much. Maybe Soros.
I am suspicious.
Meanwhile, US citizens who want to start a business are given the middle finger.
What a bunch of maroons.
We’ve got plenty of talent here that is unused.
Get the government out of our way and let those of us who can actually create things get to work.
(For free, we’ll create some things to torture, and otherwise humiliate liberals - since they’ve never done anything productive anyway.)
I believe the Canadians didn’t sell themselves so cheap. I think I remember hearing they required $1 million for anyone to be able to buy their way in. This is disgraceful and shameful. But what else would one expect from Kerry?
We have enough citizens. No more immigration. 300 million is plenty. We don’t need more diversity. As Americans are just as smart and talanted as anyone else in the world we should create as many doctors, nurses, computer programmers and business executives as we need, right here, from the children of our citizens.
I adamently oppose illegal immigration.
I also oppose legal immigration, in almost all cases.
I think H1-Bs are a disaster for whatever profession is targeted for displacement by low cost foreign workers.
Weren’t they arguing 45 years ago that we’d be getting the world’s geniuses with the epic 1965 Immigration Act? What happened? Immigration has completely ballooned since then and we still need more legislation to bring in all the geniuses? wtf? How about no immigration for a change?
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