(Image source from: Los Angeles Times)

The United States Department of Homeland Security is regarding plans to repeal the International Entrepreneur Rule that would permit immigrant start-up founders to stay in U.S. for up to five years.

The initiatory introduced during the Obama era, was planned to yield entrepreneurs a two-and-a-half-year time period to get their company up, running and create U.S. jobs. An extension would be acknowledged once the founders compassed definite milestones. The policy was in consequence to global initiatives by countries around the world.  

Nevertheless, in Trump-era, the decision to revoke the Internal Entrepreneur Rule is a part of wider crackdown on immigration.

The DHS has argued that the International Entrepreneur Rule is not the “appropriate vehicle for attracting and retaining international entrepreneurs and does not adequately protect US investors and US workers employed by or seeking employment with the start-up.”

According to the source, the DHS has promulgated a draft proposal to officially rescind the International Entrepreneur Rule, which is also known as the start-up visa rule.

The critics of the decision to rescind rule warned saying, "Eliminating this vital policy is a clear step in the wrong direction that will hurt job creation and middle class wage growth in the U.S."

By Sowmya Sangam