USA Immigration News
House Bill to Expand U.S. Work Visa Program to Spur Foreign Investment
Tuesday, 7 August 2012
A new bill which would encourage foreign entrepreneurs to start businesses in the U.S. has recently been introduced by U.S. House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Jason Chaffetz (R-Utah).
The bill called the American Investment and Job Creation Act of 2012 (H.R. 6210) would amend parts of the U.S. Immigration and Nationality Act to make existing employment-based green cards available to those who establish a new business and create and sustain jobs for American workers.
"Our immigration system provides green cards to those who fill jobs in the American economy, but not to those who create jobs. This makes no sense. The lack of a path to permanent residency deters many entrepreneurs from helping revitalize our economy and lower unemployment," said Conyers.
This change would further incentivize entrepreneurs to invest in the American economy and it had won support among the U.S. Chamber of Commerce, the National Venture Capital Association, the National Small Business Association and the Michigan Chamber of Commerce, according to Conyers.
"This is an immigration bill that people from all sides should be able to support. I am hopeful we can move this bipartisan, commonsense legislation after the summer recess."
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