Washington,
D.C. — TechNet, the national,
bipartisan network of innovation economy CEOs and senior executives, today
renewed its call for President Trump to preserve the International Entrepreneur Rule, which encourages talented immigrant
entrepreneurs to launch and grow their businesses in the U.S. TechNet is part of a coalition spearheaded by
the National Venture Capital Association, which today sent a letter to President Trump urging him to keep the rule in place as a
key driver of economic growth and job creation.
The rule was set
to go into effect on July 17, 2017, but the Department of Homeland Security
(DHS) delayed the effective date to March 14, 2018. Although a legal
challenge to DHS’ authority to delay the rule was successful, the department is
still considering officially rescinding it this year.
“We are proud to join the National Venture Capital
Association and our many partners across the country in this effort to drive
economic growth, job creation, and innovation in the U.S. Our country should be doing everything we can
to encourage talented entrepreneurs from around the world to launch companies, create
jobs, and invest in the U.S.,” said TechNet President and CEO Linda Moore, who on
January 18 wrote a letter to DHS in support of keeping the rule. “The Administration
should allow the International Entrepreneur Rule to take full
effect this year and work with Congress on additional ways to promote America’s
global leadership in innovation.”
The full text of
today’s coalition letter is below and a PDF is available here.