On Tuesday January 25th 2022, Speaker Pelosi introduced America Competes Act of 2022. Among other things, the bill proposes a startup visa.
The proposed “W” visa will mirror much of the requirements from the International Entrepreneur Parole program that is currently effective.
This is developing news and as progress continues, we’ll keep you posted. The bills seeks to achieve much than the startup visa and I believe there could be a vote on this bill next week. Here is a link to a Reuter’s article on it.
We’ll see what happens!
Pelosi Statement on Introduction of America COMPETES Act of 2022
San Francisco – Speaker Nancy Pelosi issued this statement on the House introduction of the America COMPETES Act of 2022:
“Today, the House takes action to transport our nation into the future, with the America COMPETES Act: bold, results-oriented legislation that will strengthen America’s national and economic security and the financial security of families, and advance our leadership in the world. The House legislation will supercharge our investment in CHIPS, advance manufacturing at home, strengthen our supply chain, transform our research capacity and advance our competitiveness and leadership abroad, plus many other key provisions.
“Under the leadership of Science, Space and Technology Committee Chair Eddie Bernice Johnson, the House has led a rigorous and comprehensive process to forge results-focused solutions that will power research that will ensure a prosperous future for our nation. Major components of this package have already passed the House with overwhelmingly bipartisan votes, and we look forward to conferencing this bill with the Senate to get legislation to the President’s desk as soon as possible.
“The America COMPETES Act reflects a whole-of-House effort, involving the deep expertise of Chairs, Members and staff across our Committees to produce a historic bill that will be most effective at strengthening our competitiveness at home and abroad. Now is the time to recommit to boldly and strategically investing in our nation’s future, and to do so in a way that strengthens the supply chain, lowers costs and ensures that America can out-compete any nation, today and for decades to come.”