by Anthony Mance, Esq. and Jennifer Grady, Esq.
On Monday, July 10, 2017, the Department of Homeland Security (DHS) announced that it would delay implementation of an Obama-era program that would allow international entrepreneurs the opportunity to come to the United States to develop and operate start-up businesses.
In its announcement, which was officially entered into the Federal Register on Tuesday, DHS stated that the program, known as the International Entrepreneur Rule, would be delayed until March of 2018. According to DHS, the delay will allow for a pubic comment period on whether to fully rescind the Rule.
The International Entrepreneur Rule, which was issued by U.S. Citizenship and Immigration Services prior to President Obama leaving office, would provide international entrepreneurs with an opportunity to develop and run a business in the United States. The Rule would permit around 3000 international entrepreneurs annually to come to the United States for the purposes of developing and operating a business that offered a significant public benefit. To qualify, the entrepreneur would have to demonstrate that their business promotes public interest in ways that include hiring U.S. workers and contributing to the U.S. economy. Continue reading