The International Entrepreneur Rule was to take effect next week, and would have let entrepreneurs who aren't USA citizens stay in the country for two-and-a-half years to raise money and grow a business.
U.S. president Donald Trump's America First slogan has been extended to StartupLand after the Department of Homeland Security announced a delay to the implementation of the International Entrepreneur Rule, aka the "Startup visa".
The rule, which was proposed by former president (Barack) Obama's DHS previous year, would have given the agency the authority to grant entrepreneurs "parole" on a case-by-case basis to enter the U.S. for up to 30 months, with the possibility of an extension. A notice the department issued indicates that in the interim, the administration will propose rescinding the program. Chief executive Franklin also published an Op-Ed on this site about why the International Entrepreneur Rule should be retained to grow jobs in the U.S.
At some point leaders of the technology industry (including venture capital's industry organization) will need to do more than try to succor and suck up to the Trump administration and start advocating more aggressively for action from other corners.
"It's important because all the visa options that we have are not suited for founders", said Seattle immigration attorney Tahmina Watson, who helped craft the rule. Applicants would have had to prove they had raised at least some money toward building a business and were actively working on the company.
Most of the decisions that the administration has made on any number of fronts - from slashing research budgets, to leaving unstaffed key positions overseeing science and technology research and operations within the federal government - have incredibly damaging implications for the entrepreneurs - and the industry that funds them.
The visa program, proposed a year ago by former President Barack Obama, was meant to give entrepreneurs who are not eligible for other types of visas permission to live in the USA for 30 months to get their enterprises up and running.
Technology firms have also criticized the administration's efforts to restrict access to H-1B visas for high-skilled workers.
Steve Case, AOL's co-founder and a longtime advocate for bringing more tech jobs to the US, has taken to Twitter to slam the decision.
They may not go too far away.
The latest move by the Trump administration is likely to draw criticism from some of the president's allies in Capitol Hill.
A group of Republican senators last month sent Homeland Security Secretary John Kelly a letter calling the rule consistent with the administration's "goals of stimulating the economy and creating job growth at home".
"There is little benefit to losing any more ground in attracting entrepreneurs and their investments", the senators, which include Arizona's John McCain and Jeff Flake, Utah's Orrin Hatch and Jerry Moran of Kansas, said in the letter.