The International Entrepreneur Rule – At Long Last
It only took four years, eight months, and ten days, but the International Entrepreneur Rule (IER) is now set to unleash new entrepreneurial energy in the United States. It is said that good things come to those who wait. But waiting is not enough in policy advocacy: IER is here today due to a sustained campaign of support from NVCA and others across the startup ecosystem.
A Brief History
The Department of Homeland Security (DHS) proposed the International Entrepreneur Rule in August 2016 once comprehensive immigration reform was out of reach. NVCA strongly supported the draft rule and recommended key changes. We were pleased to see the Obama Administration finalize IER just three days before President Trump took office.
Given President Trump’s immigration rhetoric, we knew we had a fight ahead. I got a call on one of the final days of the Obama Administration. It was from Doug Rand, one of the main architects of IER who served in the Obama Administration. Knowing Trump was unlikely to support IER, Doug said: “If you want the International Entrepreneur Rule, you’re going to have to fight for it.” So, we did. We received a tremendous amount of help from Doug along the way and without his grit and encouragement we might not have this outcome.
NVCA got to work and lobbied the Trump Administration. We prevailed upon the Trump Administration to embrace IER as a way to spread entrepreneurship in the United States, including pockets of the country that have (Read more...)