The International Entrepreneur Rule would have given the Department of Homeland Security the authority to grant foreign entrepreneurs temporary legal residence in the United States, on a case-by-case basis.
It was a narrow program. Nicknamed the “startup visa,” it granted foreign entrepreneurs the right to stay in the U.S. for 30 months and required them to prove they had reputable investors and could provide a service of “significant public benefit.”
The Department of Homeland Security estimated that only about 3,000 entrepreneurs would’ve been eligible for the special visa.
Despite what Silicon Valley apologists say, it’s real goal was to end-run around Congress, where comprehensive immigration reform has been stalled for more than a decade.
Thankfully for American workers, the White House said it will delay the program.
Source: San Francisco Chronicle