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LIKE Act
12/31/2022, 5:05 AM
Summary of Bill HR 4681
The LIKE Act aims to regulate the use of algorithms on social media platforms in order to prevent the spread of misinformation and harmful content. It also seeks to increase transparency and accountability for these platforms by requiring them to disclose how their algorithms work and how they curate content.
Additionally, the LIKE Act includes provisions to protect user privacy and data security, as well as measures to combat online harassment and hate speech. The bill also proposes the creation of a task force to study the effects of social media on mental health and well-being. Overall, the LIKE Act is a comprehensive piece of legislation that seeks to address the challenges posed by social media platforms in today's society. It aims to promote a safer and more responsible online environment for all users.
Congressional Summary of HR 4681
Let Immigrants Kickstart Employment Act of 2021 or the LIKE Act
This bill establishes a new class of nonimmigrant visa (W visa) for qualifying start-up owners and essential employees (and the accompanying spouse or child of such aliens) and addresses related issues.
Under this bill, a start-up is a U.S. entity that has lawfully conducted business and was formed in the five years preceding an application for a start-up owner visa.
To be eligible for an initial visa as a start-up owner, an individual must (1) possess at least a 10% interest in the start-up; (2) play a central and active role in the start-up's management or operations; (3) possess knowledge, skills, or experience to substantially assist in the start-up's growth and success; and (4) provide evidence that the start-up has received certain investments, created jobs, or generated revenue.
The holder of a nonimmigrant start-up owner visa may receive lawful permanent resident status upon meeting certain requirements, including by establishing that the start-up has created a certain number of jobs and has met certain revenue targets.
To be eligible for a visa as an essential employee of a start-up, an individual must (1) have an offer of employment in an executive or managerial capacity at a start-up; and (2) possess knowledge, skills, or experience to substantially assist in the start-up's growth and success.
The bill limits the number of employees on essential employee visas that a start-up may have.
