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On Monday, the Trump administration delayed a rule which was the closest the United States has come to the “startup visa” Silicon Valley has long sought. It was approved by the Department of Homeland Security in January during President Barack Obama’s waning hours in office. It would have allowed some foreigners to live in the U.S. while building their companies. The department expected about 3,000 entrepreneurs to qualify.
According to a Federal Register notice released online Monday and set to be published Tuesday, the Trump administration will delay the rule’s effective date until March 14 and seek comment from the public on a plan to rescind the rule.
The notice roiled many in Silicon Valley, who were looking forward to this rule as a way to make it easier for entrepreneurs to come to the U.S. — especially when countries like Canada are luring talented foreigners to their borders with more welcoming visa laws.
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