Foreign Startup Founder Rule Delayed

Cozen O'Connor
Contact

It is being reported that the Trump Administration intends to stop a new rule meant to help grant foreign-born entrepreneurs temporary permission, “parole,” to be in the U.S.

The International Entrepreneur Rule was created to allow foreign entrepreneurs to apply to work in the U.S., provided their startup raised $250,000 from established U.S. investors.  It was created after a public uproar after several stories were aired on TV and in the news about foreign entrepreneurs that were willing to invest in the US and hire Americans, were being denied visas.

Finalized in January on the last days of the Obama administration, the rule was supposed to take effect on July 17, 2017. Currently, it is at the Office of Management & Budget where it is to be further reviewed.  The Department of Homeland Security (DHS) plans to file an official notice, that will delay the implementation of the rule by eight months.  Then it is being reported in the press, that the Trump Administration, plans for the rule to disappear into an administrative black hole.  This position by the administration is contradictory to its promise to support and grow American jobs.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Cozen O'Connor | Attorney Advertising

Written by:

Cozen O'Connor
Contact
more
less

Cozen O'Connor on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide