Bayside Lawmaker Condemns Trump's Delay Of Start-Up Visas

BAYSIDE, QUEENS — On July 10, the U.S. Department of Homeland Security’s (DHS) announced that it had delayed the effective date of the International Entrepreneur Rule (IER), federal regulation that would have allowed foreign entrepreneurs with financial backing to start companies in the United States.

In light of the announcement, Bayside and Douglaston Assemblywoman Nily Rozic released a statement in a recent release, stressing her stance that keeping the IER is essential to New York City’s function as “the hub of entrepreneurship, innovation and job creation.”

“Start-up visas attract talented leaders in the global economy — a goal that we should be enhancing, not rejecting,” Rozic said in the release.

“It would have increased our talent pool and brought significant scientific, technological and business innovations. It should not be hard to see the value in welcoming international intellectual and entrepreneurial talent to come to New York.”

The IER was originally proposed by former President Barack Obama and was schedule to take effect July 17, but the DHS has temporarily delayed the effective date until March 14, 2018.

Under the Obama administration, it was estimated that 3,000 entrepreneurs would have been eligible to work in America through the IER, according to a NY Times report.

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