June 9, 2017

Entrepreneur Work Rule in Limbo Amid New Trump Review

From: Bloomberg Law/BNA

By Michaela Ross

An Obama-era rule that would make it easier for foreign-born entrepreneurs to launch U.S. startups may be delayed after the Trump administration ordered a fresh review weeks before the rule was slated to take effect.

The Homeland Security Department quietly sent the rule back to the Office of Management and Budget last month, possibly stalling it. Immigration lawyers, venture capitalists and startup founders are unsure about the fate of regulations that some entrepreneurs were counting on to launch their businesses in the U.S. this summer. The rule was set to take effect July 17, but questions have been raised about whether the new review may be the Trump administration’s first step toward killing it.

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