A government program allowing international entrepreneurs into the country to start businesses and create jobs is on its way out.
The Department of Homeland Security May 25 issued proposed regulations to rescind the Obama-era program, calling it “inadvisable, impractical, and an unwarranted use of limited agency resources.” Only 10 people had applied to the program as of late April.
The January 2017 regulations establishing the program “focused too narrowly on the potential economic benefits that foreign entrepreneurs may bring,” the DHS said. They didn’t give “sufficient attention” to laws that provide “pathways for certain entrepreneurs to come to the United ...
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