For more detail as to what Polis is proposing, see: - The full text o fthe Act (http://www.govtrack.us/congress/billtext.xpd?bill=h111-4259 http://www.govtrack

For more detail as to what Polis is proposing, see: - The full text o fthe Act (http://www.govtrack.us/congress/billtext.xpd?bill=h111-4259 http://www.govtrack.us/congress/billtext.xpd?bill=h111-4259) - His press release on it (http://polis.house.gov/News/DocumentSingle.aspx?DocumentID=160902 http://polis.house.gov/News/DocumentSingle.aspx?DocumentID=1...) - A summary of the Act from his office (http://polis.house.gov/UploadedFiles/HR_4259_Employment_Benefit_Act_Summary.pdf http://polis.house.gov/UploadedFiles/HR_4259_Employment_Bene...) - Its GovTrack entry (http://www.govtrack.us/congress/bill.xpd?bill=h111-4259 http://www.govtrack.us/congress/bill.xpd?bill=h111-4259) Its current status, for the record, is that it's been introduced (with no co-sponsors) and referred to the Judiciary committee. As for what's a "start up", it looks like the Act's requirements are $250K from a US-based VC or $100K from a non-family citizen/green-card Angel, as well as a business plan that will create 5+ jobs or be profitable and take in $1M in revenue. Interestingly, if the Angel is well-established (5+ investments totaling $250K+ in the past three years), the Act would waive the requirement that they be in any way American.