Lawmakers propose new visa for foreign tech entrepreneurs

Two U.S. House Democrats are proposing a new visa for immigrants who can obtain "significant" venture capital funding for a business, or can otherwise establish a business that creates some jobs.

The legislation is from U.S. Rep. Zoe Lofgren (D-Calif.), who represents Silicon Valley, and Luis Gutierrez (D-Ill.), who has been an immigration reform leader.

By themselves, immigration reform bills by Democrats in the Republican-controlled House are dead on arrival. But Republicans are...

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