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.