#eb-6

[usafphantom2]

A U.S. Navy E-6B MERCURY. (ken stephens)

@kadonkey via X

[chanderlaw-blog]

Proposed regulation for International Entrepreneur Rule, allowing certain foreign entrepreneurs to be paroled into the United States, is set for publication. Please share this important immigration update.

In what will be perhaps the final immigration action taken during the Obama presidency, the Department of Homeland Security released proposed rules entitled International Entrepreneur Rule.

The proposed rule would add new regulatory provisions guiding the use of parole on a case-by-case basis with respect to entrepreneurs of start-up entities whose entry into the United States would provide a significant public benefit through the substantial and demonstrated potential for rapid business growth and job creation. Such potential would be indicated by, among other things, the receipt of significant capital investment from U.S. investors with established records of successful investments, or obtaining significant awards or grants from certain Federal, State or local government entities.  If granted, parole would provide a temporary initial stay of up to 2 years (which may be extended by up to an additional 3 years) to facilitate the applicant’s ability to oversee and grow his or her start-up entity in the United States. A subsequent request for re-parole would be considered only when the entrepreneur and his or her start-up entity continues to provide a significant public benefit as evidenced by substantial increases in capital investment, revenue, or job creation.  The rule proposed rule is schedule to be published in the Federal Register.