Administration delays International Entrepreneur Rule, plans to rescind

One week before implementation, the Department of Homeland Security (DHS) announced that the International Entrepreneur Rule would be delayed until March 2018 and that a new proposal to rescind the rule will be made. The rule would have provided immigrants who have founded a high-potential startup with equity investment to remain in the country up to five years to scale the company. The National Venture Capital Association took the lead on a letter to the president championing the proposal, which SSTI — joined by 12 member organizations — signed [pdf] with investors, entrepreneurs and organizations from 25 states earlier this year to support the rule. Organizations interested in commenting on the forthcoming proposal to rescind the rule are encouraged to contact SSTI.