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The Trump administration may scrap or indefinitely delay the International Entrepreneur Rule, widely regarded as the U.S. version of a startup visa, according to an administration official citing a final draft of a Federal Register notice. Overseen by the Department of Homeland Security, the rule is intended to “increase and enhance entrepreneurship, innovation, and job creation in the United States.”

The “startup visa” was approved by the Department of Homeland Security in January during President Barack Obama’s office and was supposed to go into effect July 17.

Now the department plans to push back the rule’s effective date to March. During this time, the department will pursue steps — which include a public notice and comment period — to rescind the rule altogether.

According to sfchronicle.com, many in Silicon Valley were looking forward to the rule because currently, no straightforward path exists for a foreign entrepreneur to reside in the U.S. while building a company.

The point of the rule was to give entrepreneurs who do not qualify for existing visa programs a chance to stay in the U.S. and grow their businesses. The visas that currently exist are more suited for companies hiring employees or transferring executives from abroad.

While large tech companies seek traditional work visas for their employees, they also see a benefit in fostering the growth of startups, which can serve as customers, partners or acquisition targets.

The benchmarks to qualify for this rule are high: A foreigner must demonstrate that he or she will contribute to economic growth or job creation and show that a reputable investor has put at least $250,000 into the company. The rule lets the individual stay in the U.S. for 30 months, with the possibility of a 30-month extension. The person cannot apply for a green card during this period.

The administration official, who read the draft to a reporter, declined to provide his name because he was not authorized to speak to the media. The draft will likely be published in the Federal Register in the coming days, the official said.

A spokesman for the U.S. Citizenship and Immigration Services said the department is “currently reviewing the rule.”

While leaked orders and notices do not always turn into policy, experts have been skeptical that the rule would see the light of day since Trump took office.