If passed, this will be an interesting way to attract "creative" minds to the USA. The cost of entry is pretty minimal if one considers - "The bill requires each entrepreneur to have a sponsoring US venture capital or angel investor who will invest at least $100,000 in their startup, and total funds raised must be at least $250,000 per company."
The question that remains for me is if the equity of USA is still strong enough among the innovators of the world for them come over? Also, why wouldn't the Silicon Valley VC give, let's take for example a robotics company in Thailand (the reader can easily find the company I refer to) $100,000 which will go ten times farther in both attracting top talent and run operations?
Perhaps the policy being suggested is more reactionary as most things government are... that is after the fact! Has the ship sailed?