The Big Story: EU officials reach a deal on Article 13. European Union officials reached a deal on new copyright rules this week, including Article 13, a controversial proposal that would require Internet platforms to either obtain licenses from a given copyright holder or prevent the upload of any user-generated content that infringes on that rightsholder’s copyright.
New year, new Congress, same issues. The new year and the new Congress kicked off this week, but many of the policy debates that concerned startups in 2018 will continue on. As the Democrats take control of the House and the gavels of key committees, expect vigorous oversight of the Trump administration across the board, which is likely to impact several of the policy areas startups care most about, including trade, net neutrality at the Federal Communications Commission, and more.
Today, as we celebrate Martin Luther King Jr., one of the most ardent advocates for the advancement and equality of African Americans in history, we should reflect on the continuing injustice in our socioeconomic system and contemplate how we can more effectively work to close the racial entrepreneurship gap.
President Trump hosted “Tech Week” this week at the White House. Events held earlier in the week included a meeting with tech company CEOs to discuss a number of policy issues including cybersecurity, tax reform, and updating the government’s technology. CEOs from 18 leading tech companies attended including Apple, Amazon, Google, Microsoft, IBM, Oracle, and Intel. Later in the week, the White House held meetings with investors and executives to discuss emerging technologies like drones, 5G wireless expansion, and artificial intelligence.
Yesterday, President Donald Trump signed an executive order reiterating the Administration’s policy to buy American and hire American. The ‘Hire American’ side of the Executive Order directs federal agencies to evaluate the various programs that allow foreign workers to enter the United States, with a particular focus on the H-1B visa program.
Following last year’s dramatic removal of Maria Pallante as Copyright Register, the struggle between Congressional leaders and the Librarian of Congress, Carla Hayden, continues. Despite the fact that Hayden has been clear about her intention to appoint the new Register, (as current law grants her the authority to do), top Republicans and Democrats introduced legislation yesterday that would make the position President-appointed and Senate-confirmed. This shift comes at a time when stakeholders across the board are calling for modernization of the Copyright Office, especially the digitization of records in order to simplify the determination of copyright holders. Members of the House and Senate Judiciary Committees met with Hayden earlier this month in an attempt to hold off on her nomination, however she later wrote them to tell them she planned to move forward with the process in order to ensure an “efficient and effective Copyright Office to serve Congress and the wide variety of stakeholders.” We’re tracking.
Today, the U.S. Court of Appeals for the 9th Circuit ruled against President Trump’s executive order banning the citizens of seven countries and refugees from entering the U.S., maintaining a lower court’s freeze on the order. As a result, immigrants and refugees who were previously barred from the country under Trump’s EO can continue to enter the U.S.
Today, more than 200 startups and investors from across the country joined Engine and the National Venture Capital Association (NVCA) in sending a letter to President Trump opposing his Executive Orders on immigration—both the immigration ban EO signed on January 27th and the draft EO that would roll back existing worker visa and parole programs.
The startup community is deeply troubled by the Administration’s decision to limit the movement of immigrants—including lawful visa holders—into the U.S. on the basis of religion and country of origin—a move that came with no forewarning and has engendered uncertainty for many people, including employees at America’s startups. The executive order is both morally and economically misguided, and sets a dangerous precedent that signals to the rest of the world that America is no longer open for innovation.
On Friday, the White House released an advance copy of its final International Entrepreneur Rule, which will allow qualifying foreign entrepreneurs to build their startups in the U.S. The final rule will be published in the Federal Register today and will become effective on July 17, 2017.
At Engine, we’ve seen firsthand some of the extraordinary contributions that immigrant entrepreneurs have made to the startup economy. One-third of U.S. venture-backed companies that went public between 2006 and 2012 had at least one immigrant founder. Moreover, immigrant entrepreneurs started, in whole or in part, some of the most important technology companies of our time, including Google, Intel, Yahoo!, eBay, and WhatsApp. In fact, the United States was home to almost 2.9 million foreign entrepreneurs who generated $65.5 billion in business income in 2014.
The startup community has been fighting for years for reforms that would allow the world’s brightest innovators to start and scale their companies here in the United States. Engine welcomes the Department of Homeland Security’s International Entrepreneur proposal, which will allow talented foreign-born entrepreneurs to build their companies in the U.S., in turn creating jobs and driving economic transformation. Today’s announcement is an important step towards making our immigration system work for the 21st century innovation economy.
Over the past year, Engine has teamed up with veterans working in the tech industry and several Veterans Service Organizations to understand how government can better support transitioning servicemembers interested in careers in technology. Whether as entrepreneurs, managers, or engineers, it’s clear that given the proper training and support, veterans have the talent, resolve, and discipline to thrive in the tech workforce.