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Biden Administration Aims To Boost Immigration Among Entrepreneurs

Biden Administration Aims To Boost Immigration Among Entrepreneurs

The Biden administration has published new information aimed at boosting an immigration policy for entrepreneurs that officials acknowledge would benefit from greater clarity and transparency. The International Entrepreneur Rule went into effect in the final days of the Obama administration, but Trump officials “sought to remove IER and block implementation before the program launched, thereby costing the United States jobs and innovation,” according to the National Venture Capital Association, which successfully sued the Trump administration over the rule. According to new data obtained by the National Foundation for American Policy, the International Entrepreneur Rule has suffered from its novelty, breeding uncertainty among potential applicants—and possibly adjudicators. Under the rule, the Department of Homeland Security (USCIS is an agency within DHS), on a case-by-case basis, may grant parole to foreign entrepreneurs “who demonstrate that their stay in the United States would provide a significant public benefit through their business venture.” Entrepreneurs would receive employment authorization (to work at their startup). A spouse is also eligible to be employed in the United States. On July 12, 2024, USCIS released new information on its website to provide greater detail on which startups and investments will qualify and the evidence adjudicators seek. The information is more extensive than the earlier explanations on the USCIS website.

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