H.R.3987 - Jobs in America Act114th Congress (2015-2016)
|Sponsor:||Rep. Sinema, Kyrsten [D-AZ-9] (Introduced 11/05/2015)|
|Committees:||House - Judiciary|
|Latest Action:||House - 12/04/2015 Referred to the Subcommittee on Immigration and Border Security. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3987 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (11/05/2015)
Jobs in America Act
This bill amends the Immigration and Nationality Act to establish an employment-based, conditional immigrant visa (StartUp visa) for a sponsored alien entrepreneur: (1) with required amounts of financial backing from a qualifying investor or venture capitalist; and (2) whose commercial activities will generate required levels of employment, revenue, or capital investment.
The Department of Homeland Security shall terminate the status of a sponsored entrepreneur (and the alien spouse and children of such entrepreneur) if not later than three years after the date on which such permanent resident status was conferred: (1) the sponsoring venture capitalist or investor fails to meet investment requirements; or (2) the entrepreneur fails to meet job creation, capital investment, or revenue requirements.