Startup America Just a Giant Press Release?

In a previous post I wrote, I briefly touched upon the gargantuan cost gap between forming a new startup as a U.S. citizen and as a non-citizen. The Startup Visa proposal by Senators Kerry and Lugar aimed to reduce this gap somewhat, but still fell short. However, now it seems this proposal may not even see the light of day for a number of years. This is unfortunate and concerning, because it means the U.S. is effectively shooting itself in the foot when it comes to useful spending reduction and job creation.