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Tahmina in Bloomberg BNA on Entrepreneur Parole (Startup visa alternative)

Draft Immigration Rule Would Ease Foreign Entrepreneurs’ Entry

Daily Labor Report® is the objective resource the nation’s foremost labor and employment professionals read and rely on, providing reliable, analytical coverage of top labor and employment…

By Laura D. Francis

Aug. 26 — Foreign entrepreneurs would have an easier time starting businesses in the U.S. under proposed regulations released Aug. 26 by the Department of Homeland Security.

The long-awaited proposed regulations (RIN:1615-AC04) would allow the DHS secretary to temporarily admit, on a case-by-case basis, entrepreneurs who meet a certain set of defined criteria related to the success of their startup companies and how many jobs they generate for U.S. workers.

The idea is that these entrepreneurs will generate a “significant public benefit” to the country by growing the economy and creating jobs, and so they should be allowed into the U.S. without having to go through the regular process for applying for a visa.

Read the rest here.