WASHINGTON, DC – FWD.us President Todd Schulte released the following statement today in response to the Department of Homeland Security’s announcement that they will immediately delay the effective date of the International Entrepreneur Rule (IER), and that their intent is to rescind the rule fully:
“We are extremely disappointed that the White House has decided to roll back the International Entrepreneur Rule after two and a half years, which was a critical effort to ensure that the best and the brightest foreign-born entrepreneurs could more easily grow the companies that will create American jobs here in the U.S. while expanding our economy. This is unquestionably a setback for the United States in the global race for talent – we should be encouraging innovators to bring their new ideas, expertise, and unique skills to our country, rather than incentivizing them to put their talents to work for our competitors abroad.
“Members of the tech and business communities made their voices heard on the necessity of the IER, and we are dismayed that the Administration has chosen to ignore the advice of so many job creators. We’ll continue working to pass legislation that would fix our badly outdated and broken immigration system so that the U.S. can remain a magnet for the best and the brightest to bring their talents here, grow our economy, and create American jobs.”