To encourage the next Zoom or Moderna, Congress should create a startup visa

To encourage the next Zoom or Moderna, Congress should create a startup visa


While Democrats and Republicans are sparring over border policy, there is an immigration issue that has attracted bipartisan support because of its potential to create jobs: creating a startup visa.

A startup visa allows a foreign national to earn permanent residence after meeting specific capital and employment thresholds by starting a business with their own funds or through a venture capital investment. America’s competitors for immigrants in Canada, Australia, and the United Kingdom have startup visa programs.

A startup visa was part of the immigration reform bill that passed the U.S. Senate in 2013 but did not become law. Since then, several bills have been introduced but have not moved in either the House or Senate.

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The EB-JOBS Act of 2015, introduced by California Democrat Rep. Zoe Lofgren, allowed for permanent residence if foreign-born entrepreneurs raised a certain level of funds or created at least five permanent full-time jobs. The bill also allowed entrepreneurs to self-fund their

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