Only 10 People Have Applied for Obama-Era Startup Visa

The U.S. startup visa, passed with much fanfare during the twilight of Barack Obama’s presidency, was supposed to draw thousands of foreign entrepreneurs. Instead, just 10 people have applied.

A big reason for the shortfall is that the year-old program has been constantly under assault since the election of President Donald Trump, whose agenda revolves around tightening immigration rules and dismantling Obama-era policies. The Homeland Security Department has twice delayed implementing the program but agreed to leave the application process open after venture capitalists won a court challenge in December. No one has been granted a visa, and Homeland Security ...