DHS/FOREIGN POLICY: “The Trump administration plans to dismantle a regulation that would have helped more foreign-born entrepreneurs build startups in the U.S. without a traditional visa, according to people briefed on the administration’s plans.
The International Entrepreneur Rule, enacted during the final days of the Obama administration and set to go into effect next month, would have let foreign entrepreneurs apply to work in the U.S., provided their startup raised $250,000 from established U.S. investors.
The Department of Homeland Security plans to file an official notice to delay that rule by eight months with the intention of rescinding it, these people say. The delay will give the administration more time to complete the rescinding process, the people said.
The DHS’s decision isn’t final and still could change, the people cautioned. After filing an official delay, the DHS will open a comment period which could affect the outcome of the rule.”
-Douglas MacMillan and Laura Meckler, “Trump Administration to Rescind Obama’s Foreign-Born Founder Rule,” The Wall Street Journal online, June 21, 2017 03:43pm