Friday, May 25, 2018

‘Startup visa’ rule in doubt after feds publish plan to end it

The San Francisco Chronicle reports:
The Department of Homeland Security published a draft of its proposal to officially rescind the International Entrepreneur Rule, which the Obama administration created in 2015 to allow some startup founders from abroad a chance to live and work in the U.S. for a limited time.

Under the rule, foreign entrepreneurs who meet certain benchmarks could apply for “parole” status, which in this case means that people who are not formally admitted into the U.S. may temporarily stay in the country.

The rule — sometimes informally called the “startup visa” rule — was supposed to be implemented last July, but a week before it was due to take effect, the department delayed it, as it planned to revoke it all together. A few months later, a judge overturned the delay and said the government must begin implementing the rule.

The rule has now technically been in effect for several months and some have applied for the status, but no one is believed to have benefited from the rule yet.
An article worth your time.