The Department of Homeland Security (“DHS” or “Department”) is proposing to remove its regulations pertaining to the international entreprepreneur program, which guided the adjudication of significant public benefit parole requests made by certain foreign entrepreneurs of start-up entities in the United States. After review of all DHS parole programs in accordance with an Executive Order (E.O.) titled, Border Security and Immigration Enforcement Improvements, issued on January 25, 2017 by President Obama, the DHS is proposing to end the IE parole program, and remove or revise the related regulations. DHS's reasoning is "because this program is not the appropriate vehicle for attracting and retaining international entrepreneurs and does not adequately protect U.S. investors and U.S. workers employed by or seeking employment with the start-up."
This comes as another disappointing regulatory change. The International Entrepreneur Rule could have benefitted the US economy through the retention of talent and job creation for US workers.
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