Earlier today, our chairman and CEO, Steve Case, who also serves on President Obama’s Council on Jobs and Competitiveness, joined Senators Jerry Moran (R-Kan.), Mark Warner (D-Va.), Marco Rubio (R-Fla.) and Chris Coons (D-Del.) to unveil the Startup Act 2.0, a new bipartisan bill focused on sparking job creation by helping high-growth entrepreneurial companies.
Before unveiling the bill at a press conference, Steve and Senator Moran talked with CNBC about the significance of the Startup 2.0 Act and the need to improve the environment for entrepreneurs:
The Act, which follows the bipartisan Jumpstart Our Business Startups (JOBS) Act signed into law by President Obama in March, aims to improve the environment for entrepreneurs through policies that help companies attract and retain high-quality talent, encourage more investments in young companies and reward patient capital and drive innovation by accelerating commercialization of university research.
One of the most significant provisions of the bill is to implement special visas for legal immigrants, which will allow talented business founders and college graduates to stay in the United States where they can continue to create new jobs. The Startup Act 2.0 would award Entrepreneur Visas to foreign business creators and STEM (Science, Technology, Engineering and Math) Visas to talented college graduates in those fields.
As Steve Case said today on CNN the United States can remain “the world’s most entrepreneurial nation” through measures taken on legal immigration, regulation, and research.
More details on the Startup Act 2.0 are available on Sen. Jerry Moran’s website. Senators Moran, Warner, Rubio and Coons also wrote a piece about the anticpated benefits of the Act in Politico, available here.