arrow_back Back to App

Startup Act: Boosting New Businesses and Innovation

This act aims to stimulate the economy by facilitating the formation and growth of new businesses. It introduces changes to immigration rules for skilled professionals and entrepreneurs, supports the commercialization of scientific research, and promotes regional innovation hubs. The goal is to create new jobs and enhance economic competitiveness.
Key points
Easier path to conditional permanent residency for immigrants with advanced STEM degrees, provided they are actively engaged in STEM fields.
New opportunities for immigrant entrepreneurs who establish businesses and create jobs in the U.S., with a path to conditional permanent residency.
Elimination of per-country visa limits for employment-based visas, potentially speeding up visa processing for many individuals.
Financial support for universities and organizations to accelerate the commercialization of taxpayer-funded research into new products and services.
Creation and support of regional innovation clusters to foster the growth of local industries and small businesses.
Requirement for federal agencies to analyze the economic impact of significant new rules on new business formation and expansion, including cost-benefit analysis.
Regular reports on new business formation at state and federal levels to identify best practices and barriers to entrepreneurship.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_5287
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2022-12-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Startup Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5287.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-15.

What are the main provisions?

Key points include:

  • Easier path to conditional permanent residency for immigrants with advanced STEM degrees, provided they are actively engaged in STEM fields.
  • New opportunities for immigrant entrepreneurs who establish businesses and create jobs in the U.S., with a path to conditional permanent residency.
  • Elimination of per-country visa limits for employment-based visas, potentially speeding up visa processing for many individuals.
  • Financial support for universities and organizations to accelerate the commercialization of taxpayer-funded research into new products and services.
  • Creation and support of regional innovation clusters to foster the growth of local industries and small businesses.
  • Requirement for federal agencies to analyze the economic impact of significant new rules on new business formation and expansion, including cost-benefit analysis.
  • Regular reports on new business formation at state and federal levels to identify best practices and barriers to entrepreneurship.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Migration Public Investments