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.