The International Entrepreneur Rule was finalized on January 17, 2017, and was to become effective July 17, 2017. The rule would have afforded certain entrepreneurs a total period of up to five years in which to start up or manage and grow their own companies. The entrepreneurs would be given “parole” immigration status which would allow them to legally remain in the U.S. with authorization to work in the new start up entity. Applicants would have been required to demonstrate significant public benefit to the United States, such as through job creation.
On July 11, 2017, the U.S. Department of Homeland Security (DHS) published notification in the Federal Register that the effective date of International Entrepreneur Final Rule is being delayed until March 14, 2018. The delay is intended to allow DHS sufficient time to pursue notice and comment on a proposal to rescind the rule in accordance with the President’s Executive Order 13767, “Border Security and Immigration Enforcement Improvements.”
The DHS action in delaying the effective date of the new rule is likely a predicate to ultimately rescinding the rule, which is contrary to the Trump Administration’s immigration policy agenda.
Foster will continue to monitor agency rulemaking that impacts the availability of immigration benefits and will provide future updates as they become available via future Immigration Updates© and via Foster’s website at www.fosterglobal.com.