An organization representing venture capital firms filed a federal suit in Washington, DC, on Tuesday accusing Trump Administration officials of unlawfully delaying a program that would have allowed international entrepreneurs to work at companies they founded within the United States.
The suit by the National Venture Capital Association is another attempt to stop the new administration from overturning immigration policies upheld during former President Barack Obama’s tenure. Under Obama, the federal government developed a program, nicknamed the “Startup Visa” plan, that would have permitted a select segment of foreign-born entrepreneurs to reside in the United States for 30 months or more while they helped grow their U.S.-based businesses.
That program, created under the International Entrepreneur Rule, was slated to begin taking applications on July 17 of this year. But on July 11, the launch was delayed until mid-March of 2018 by the U.S. Department of Homeland Security, which may also cancel the program entirely, according to the NVCA complaint. Read the full story here.
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