Washington, D.C. — TechNet, the national, bipartisan network of innovation economy CEOs and senior executives, is urging the Trump Administration to maintain the International Entrepreneur Rule (IER), which encourages foreign-born entrepreneurs with promising startups to grow their businesses in the U.S. Last month, the Trump Administration published its final rule to rescind the IER.
“In this era of economic disruption and increased competition abroad, we need to exhaust all available policy options to develop and encourage a new generation of entrepreneurs to step forward and fuel the growth of our economy across the country,” wrote TechNet President and CEO Linda Moore in official comments to U.S. Citizenship and Immigration Services (USCIS). “To maintain our competitive edge, we need to win the global competition for talent, and the International Entrepreneur Rule is a key policy to help ensure we win the global competition for entrepreneurs.
“Throughout our nation’s history, immigration has been a key ingredient in making the American miracle possible — a story that is as much about the overall economic prosperity we have achieved as a country as it is about the countless individuals who have made a better life for themselves, their families, their neighbors, and their coworkers here,” added Moore. “The International Entrepreneur Rule is in line with one of America’s longstanding keys to economic success — the welcoming of immigrant entrepreneurs and innovators to this country and allowing their talents to benefit our economy and U.S.-born workers.”
The full text of TechNet’s letter is below and a PDF is available here.
June 28, 2018