The Trump administration announced Monday that it will delay the implementation of an Obama-era policy that would have awarded visas to startup company employees starting July 17, and that it is looking to repeal the policy altogether.

The International Entrepreneur Rule would have given non-U.S. citizens who have created startup companies while in the country a chance to stay stateside with a renewable 30-month visa. Foreign nationals were eligible for the visas if they received $100,000 in government grants or $250,000 in a venture capital investment.