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President Trump speaks at GOP retreat in Philadelphia. (Pablo Martinez Monsivais/AP)

President Trump is planning to kill a program that would have encouraged startup company founders to immigrate to the United States, according to a draft executive order viewed by Axios.

What is the program: The International Entrepreneur Rule (IER) generally would make special immigration exceptions for foreign entrepreneurs who meet all of these requirements:

  • Formed new U.S. business within the past five years;
  • Has significant ownership and/or operational involvement in the business;
  • Has raised at least $250,000 in venture capital from U.S. investors (or grant equivalents) for the business.

Such so-called immigration "paroles" would last for 2.5 years, and can be extended if the entrepreneur can demonstrate business growth in terms of factors like job creation, revenue growth and additional investment. The Department of Homeland Security can revoke these paroles at any time. The rule was only passed two weeks ago (after years of work), and was slated to go into effect this July.

Isn't that called Startup Visa? No. Startup Visa is very similar in terms of intent, but that would be legislation that remains stuck in Congressional limbo (despite GOP sponsorship). IER was a workaround formulated by the Obama Administration, which also supported Startup Visa.

Trump plan: The proposed executive order (dated 1/23/17) would "immediately terminate all existing parole, guidance and programs... that circumvent statutory immigration policy." Axios has spoken with two professionals familiar with IER, and both agree this EO sets the stage for its termination.

Is it surprising? Not really, since the Obama Administration passed IER via executive order just days before Trump took office. On the other hand, the rule is explicitly tied to the creation of American jobs, which Trump has claimed to be his top priority.

Go deeper

Updated 1 hour ago - Politics & Policy

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

CDC says fully vaccinated people can take fewer precautions

Photo: Filip Filipovic/Getty Images

People who have been fully vaccinated against COVID-19 can take fewer precautions in certain situations, including socializing indoors without masks when in the company of low-risk or other vaccinated individuals, according to guidance from the Centers for Disease Control and Prevention released Monday.

Why it matters: Per the report, there's early evidence that suggests vaccinated people are less likely to have asymptomatic infection and are potentially less likely to transmit the virus to other people. At the time of its publication, the CDC said the guidance would apply to about 10% of Americans.

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