The Department of Homeland Security (DHS) has proposed a rule that would end the Obama-era International Entrepreneur Rule (IE Final Rule), which allows certain foreign entrepreneurs to be considered for parole to come temporarily to the US to develop and build companies. To qualify, entrepreneurs must demonstrate that they would provide a significant public benefit with rapid job growth and creation by submitting substantial evidence including proof of significant capital investment from US investors with established records of successful investments, or if they have obtained significant awards or grants from specific federal, state, or local governments. The parole would provide these entrepreneurs temporary stay of up to thirty months, with the option to extend an additional thirty months, so that the entrepreneur can oversee the company’s growth in the US.
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