Startup Backers Eye China Competition Bill to Add New Visa (1)

Immigrants make up an outsized share of entrepreneurs in the U.S. But some groups warn the country is losing out on foreign talent because of outdated immigration policies.

As lawmakers have spent the past decade discussing, but not enacting, a new special visa classification for startup founders, more than two dozen other countries have created such visas for entrepreneurs.

Now, business groups ringing alarm bells over the U.S. falling behind are targeting a $250 billion China competition bill that would make investments in semiconductor manufacturing and supply chain resilience as a pathway to enact the visas and retain startup founders. ...