Four U.S. Senators today introduced Startup Act 2.0 – bipartisan legislation designed to jumpstart the economy through the creation and growth of new businesses. Startup Act 2.0 builds upon the original Startup Act, introduced by Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.) in December 2011, and the AGREE Act, introduced by Marco Rubio (R-Fla.) and Chris Coons (D-Del.), in November 2011.
Startup Act 2.0 creates new opportunities for American-educated and entrepreneurial immigrants to remain in the United States where their talent and ideas can fuel economic growth and create American jobs. The bill also alleviates regulatory burdens that make it more difficult for businesses to expand and create jobs. Finally, Startup Act 2.0 makes changes to the tax code to encourage investment in startup companies.
