Trump Administration Officially Delays 'Startup Visa' Rule (sfchronicle.com)

Trisha Thadani, reporting for SFChronicle: The Trump administration has officially delayed a rule that would allow some foreign entrepreneurs to stay in the U.S. and build their companies. During this delay, the administration will propose a plan to rescind the rule all together, according to a Federal Register notice that will be published Tuesday. This official notice, which will be published in the Federal Register Tuesday, comes exactly one week before the rule was slated to go into effect. It will be delayed until March 14. The International Entrepreneur Rule, is the closest the United States has come to the "startup visa" Silicon Valley has long sought, was approved by the Department of Homeland Security in January during President Barack Obama's waning hours in office.

Comments

In other words...

[Trailer Trash]

was approved by the Department of Homeland Security in January during President Barack Obama's waning hours in office

In other words, it's another one of these policies that is so utterly important to our country that Barack Obama waited until he was 7.95 years through his 8 year term to enact it, and then post-dated it to go into effect during Trump's presidency. Obviously it wasn't a big deal for Obama.

Re: In other words...

[Topwiz]

In some cases it is merely a way for rich foreigners to purchase permanent residency, the so called 'green card' which are actually pink nowadays. There was a recent case in Vermont of an EB-5 scam. The now former Governor and current US Senator Leahy met with the 'investor' but whether they knew it was a scam before it came out in the press is unknown.

Re:promises

[PopeRatzo]

Just out of curiosity, how was this 'Startup Visa' rule stopping US workers from innovating?

See, there's this reservoir of American innovation, and the levels are way down. Every time you allow a foreigner to come here an innovate, the reservoir is depleted because American innovators get discouraged and decide to go on disability or become homeless. Because American innovators are sensitive broflakes who are easily triggered by people with different shades of skin or funny accents. And venture capitalists will flock to the foreign startups like fraternity brothers flocking to the hot undergrads. So basically, American innovators will become the VC equivalent of fat chicks at a kegger. Eventually, they might get some venture capital, but only after all the VCs are shitfaced and unable to achieve anything like a tumescent venture capital state. I hope that answers your question.

Back in my day, we never had to deal with any of these pesky foreign innovators. No sir. Now, we name our electric car companies after them. We're going to hell, I tell you.