[Congressional Record Volume 158, Number 86 (Friday, June 8, 2012)]
[House]
[Page H3693]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1220
                          STARTUP JOBS ACT 2.0

  (Mr. DOLD asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. DOLD. This week, I joined with some of my colleagues to introduce 
the bipartisan Startup Jobs Act 2.0.
  Mr. Speaker, students come to America from all over the world. They 
earn advanced degrees in science, technology, engineering, and 
mathematics. Then, upon graduating, they're forced to leave our 
country--forced to go back home and, in essence, compete against us. 
With them goes their knowledge, their ideas, and their aspirations to 
change the world. Many of these students want to stay here in America 
to make something of themselves here because America is still the best 
place for ideas to become realities. These ideas become solutions, 
which turn into job-creating companies.
  According to a study by the National Foundation for American Policy, 
immigrants founded or cofounded almost half of the top 50 venture-
backed companies in the United States. Since our Nation's founding, 
immigrants have flourished right along with our economy. America 
becomes a richer and more dynamic society by encouraging the best and 
the brightest from all over the world to set up shop here on our soil. 
That is why I'm honored to be an original cosponsor of the bipartisan, 
bicameral Startup Jobs Act 2.0 that will help America get back to work.

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