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DHS To Rescind Startup Founder Rule

June 6, 2018

The Trump administration plans to rescind the International Entrepreneur Rule, which was created near the end of the Obama presidency to allow foreign entrepreneurs parole entry to the US to build and scale their businesses. Having only taken effect in December 2017, the regulation was projected to assist roughly 3,000 entrepreneurs with parole entry per annum. In announcing the change, Secretary of Homeland Security Kirstjen Nielsen stated that the program’s stated policies were nevertheless “best left to the legislative process.” The proposal to rescind the rule is now open for public comment until the end of June.