The bill is geared towards young entrepreneurs and keeping the youth who have studied in the United States, here in the United States, to create businesses and jobs.
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Los Angeles, CA (PRWEB) June 18, 2015
With a specialty in immigration and naturalization law and twenty years of experience, Attorney Patricia S. Depew, PC is bringing attention to another side of immigration that many may not be aware exists. The bipartisan bill, Startup Act 4.0, was brought to Congress earlier this year with the intention of creating a new visa category for startup founders and STEM degree holders. “With Obama’s reform bill still in flux and although it is incredibly important and will offer immediate relief for millions of immigrants, there is more to immigration reform that we, as a nation, need to be addressing. The new Startup Act bill includes changes in investor visas, many focused on entrepreneurs, that will help bring jobs to the United States,” said Patricia Depew.
On May 15, 2015, The New York Times’ article highlights the EB-5 visa currently in place stating, “Through a federal visa program known as EB-5, foreigners, more than 80 percent of them from China, are investing billions of dollars in hotels, condominiums, office towers and public/private works in the hope it will result in green cards.” In addition to the current EB-5 Visa and E-2 Investor Visa, the Startup 4.0 bill offers more ways to attract foreign investment and create jobs here in the United States. According to a Washington Post article from January 18, 2015, “Moran and Warner both pointed to research by the Kauffman Foundation, an entrepreneurship research organization, that suggests new and young businesses historically have been responsible for a large share of jobs created annually in the United States. However, the rate of start-up activity has recently fallen sharply, to the point where business deaths now outpace business births nationwide.”
The new bill would create an entrepreneur visa enabling up to 75,000 non-citizens to start and attempt to grow a business in the United States, as well as a new category for up to 50,000 foreign-born students who graduate from United States universities, with degrees in science, technology, engineering or math (STEM fields). In addition, this new bill would finally eliminate caps on the number of work visas granted to individuals from each country.
“The bill is geared towards young entrepreneurs and keeping the youth who have studied in the United States, here in the United States, to create businesses and jobs. Just look at the Silicon Valley and the number of businesses that are highly successful - many of these were created by immigrants who initially came here to study,” said Attorney Depew.
A major focus of Depew’s firm involves immigration and naturalization law, including family and employment-based immigration and naturalization, visas, citizenship, political asylum and deportation. The firm represents clients before the Bureau of Citizenship and Immigration Services (formerly known as the INS) and U.S. Immigration Court.
About Law Offices of Patricia S. Depew, PC
A Los Angeles based immigration and bankruptcy law firm, Law Offices of Patricia S. Depew, PC offer legal counsel and representation to clients in cases related to immigration, bankruptcy, insurance company bad faith, and disputed contracts in Los Angeles County, Orange County, Ventura County, the San Fernando Valley region, and throughout southern California. With Ms. Depew’s impressive credentials in the entertainment industry, the firm also offers her legal expertise to writers, directors, producers, actors, and other entertainment professionals. Se Habla Español, along with a staff that is fluent in Italian and German. Please call (310) 284-8494, for more information.
805.650.6121, ext. 361