The Startup Act 2.0 originated by Senator Jerry Moran (R-Kan.) and Mark Warner (D-Va.) and now joined by Chris Coons (D-Del.) and Marco Rubio (R-Fla.) will be the hot topic Jan. 2013. The Startup Visa Act is out as the originators were not re-elected. However, the Startup Act 2.0 needs serious changes which will allow us to import more capital from abroad.
President Obama wants to see a Comprehensive new immigration bill and discussions will commence end of January as the Houses go into session. The competing immigration bills in 2011 and 2012 will lead to increased LP capital access from areas we did not expect. 100s of VCs are backing several immigration proposals such as:
● Securing the Talent America (STAR) Act,
● Immigration Driving Entrepreneurship in America (IDEA) Act,
● Startup Visa Act,
● American Investment and Job Creation Act
● Sustaining our Most Advanced Researchers and Technology (SMART) Jobs Act