H.R. 9882 (IH) is the “Path to Independence Act of 2024.” It was introduced in the House of Representatives on June 13, 2023, by Rep. Tom Reed (R-NY). The bill has been referred to the House Committee on the Judiciary.
The Path to Independence Act would create a new visa category for “entrepreneurs” who come to the United States to start or grow a business. To be eligible for the visa, entrepreneurs would have to have a business plan that is “innovative” and “has the potential to create jobs.” They would also have to have a minimum investment of $250,000 in their business.
The visa would be valid for three years, and could be renewed for an additional three years if the entrepreneur meets certain requirements. Entrepreneurs who are granted visas under the Path to Independence Act would be able to bring their spouses and children to the United States with them.
The bill has been praised by some business groups, who say that it would help to attract and retain talented entrepreneurs in the United States. However, the bill has also been criticized by some immigration advocates, who say that it would create a new pathway to citizenship for wealthy individuals.
Key provisions of the Path to Independence Act include:
- Creates a new visa category for “entrepreneurs” who come to the United States to start or grow a business.
- To be eligible for the visa, entrepreneurs must have a business plan that is “innovative” and “has the potential to create jobs.”
- Entrepreneurs must also have a minimum investment of $250,000 in their business.
- The visa would be valid for three years, and could be renewed for an additional three years if the entrepreneur meets certain requirements.
- Entrepreneurs who are granted visas under the Path to Independence Act would be able to bring their spouses and children to the United States with them.
The bill has been praised by some business groups, who say that it would help to attract and retain talented entrepreneurs in the United States. However, the bill has also been criticized by some immigration advocates, who say that it would create a new pathway to citizenship for wealthy individuals.
H.R. 9882 (IH) – Path to Independence Act of 2024
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