In May 2012, Warner introduced legislation called the Startup Act 2.0 to jumpstart the economy through the creation and growth of new businesses.
“As you prepare to deliver your State of the Union address, we encourage you to speak about the important role entrepreneurs play in economic growth and job creation,” Warner said in a letter to the President (see complete letter at right).
“Our legislation, which we plan to reintroduce next week, builds on recommendations made by your Council on Jobs and Competitiveness to jumpstart economic growth. Startup Act 2.0 provides new opportunities for highly educated and entrepreneurial immigrants to stay in the United States, modifies the tax code to encourage investment in new businesses, accelerates the commercialization of university research that can lead to new ventures, and seeks to improve the regulatory process.
“You have the opportunity again this year to lead Congress toward enactment of significant legislation that will boost entrepreneurial activity and result in the creation of new jobs,” Warner continued. “We stand ready to work with you on this important issue.”