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US immigration program for foreign entrepreneurs revived

Foreign entrepreneurs will have more access to a US immigration program that allows them to work in America after President Joe Biden revived the International Entrepreneur Rule (IER). The IER, which Trump attempted to kill during his time in office, was proposed by the Obama administration three days before he left office in 2017.   The IER allows overseas entrepreneurs to work in the US for up to five years, provided that their start-up company secures $250,000 in US venture capital, hires 10 employees or meets other qualifying criteria.  The Trump administration heavily opposed the program because it relies on legislation known as parole, which allows foreigners into America without a US visa, provided that there is ‘significant public benefit’.

Biden Administration Support for International Entrepreneur Parole Rule

Thursday, May 13, 2021 On Monday, May 10, 2021, Department of Homeland Security (DHS) Secretary Alejandro Mayorkas withdrew from the Federal Register, the rule proposed by the Trump Administration in May 2018, seeking to rescind the International Entrepreneur Parole (IEP) program and its corresponding regulations.  President Obama had introduced the IEP program in January 2017, shortly before he left office.  The program provides qualifying foreign entrepreneurs (who have secured funding for their U.S. start-ups, and who can prove that it is in the public interest of the U.S. for them to work and grow their start-up companies in the U.S.), with the option of applying for “parole” status. 

Senators introduce relief bill for flagging fitness industry

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