Proposed Removal of the International Entrepreneur Program21 Jun 2018
As has been anticipated, the U.S. Department of Homeland Security (DHS) issued a proposed rule to terminate the International Entrepreneur Rule (IER). This rule allows a foreign national to apply to be temporarily paroled into the U.S. based on a qualifying investment. More details on the program are available in the MurthyDotCom NewsBrief, Final Rule to Create Parole Program for Entrepreneurs Published (01.Feb.2017).
Background on Procedural History of IER
The IER program was finalized in January 2017, shortly before President Trump took office, and was supposed to go into effect in July 2017. The Trump Administration delayed implementation of the program, but a federal court ordered the Administration to allow the program to proceed. However, as of May 2018, not a single application had been approved.
Program Remains in Place, for Now
Stakeholders have until June 28, 2018 to submit comments on this proposal to end the program. The DHS must then review and consider the comments submitted before issuing a final rule. Until and unless that occurs, the IER remains in effect.
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