Biden Administration Withdraws Proposed Rule to Eliminate the International Entrepreneur Parole Program
Dallas, TX (Law Firm Newswire) June 14, 2021 – The Biden Administration has decided to continue the International Entrepreneur Parole Program, which provides immigrant entrepreneurs opportunities to come to the United States and start their businesses.
U.S. Citizenship and Immigration Services, on May 10, 2021, announced the withdrawal of a 2018 proposal that intended to terminate the program and end the adjudication of parole requests made by certain foreign nationals looking to set up and develop their start-up companies in the United States.
“Finally, some official encouragement of entrepreneurship from the Administration on behalf of the nation to replace the negativity of all things immigrant of the prior Administration,” commented Stewart Rabinowitz of the Dallas and Frisco law firm of Rabinowitz & Rabinowitz, P.C. “The International Entrepreneur Parole Program — officially proposed to be withdrawn on May 29, 2018, by the prior Administration — continues to breathe.”
Under the International Entrepreneur Parole Program, up to three entrepreneurs per start-up business may be granted parole status. When paroled, the entrepreneur, along with their spouse and children, can enter and remain in the United States for a period of authorized stay specified by the DHS. Foreign nationals who are granted parole status cannot work for other companies outside of their start-up entity.
“The Biden Administration’s withdrawal of this proposed rule is good news for those who seek to innovate on U.S. shores,” said Rabinowitz. “It continues at least a bit of the ingenuity magnet which has made the U.S. the worldwide destination of choice. While not a perfect program, good ideas which have attracted significant investment from qualified U.S. investors can lead to parole status for foreign nationals in the U.S. to develop their ideas.”
The decision to continue the program is in line with President Biden’s Executive Order 14012, which instructs the Secretary of Homeland Security to identify any barriers to the legal immigration system resulting from agency actions. First introduced in 2017, the program fulfills a need for more common immigration pathways to not satisfy foreign-born entrepreneurs. It aims to strengthen the U.S. economy and encourage growth through innovation, increased capital spending and more jobs.