Trump plans to dismantle Obama-era “Startup Visa”

Enlarge / US President Donald Trump during a visit to the Department of Homeland Security in January. (credit: Photo by Chip Somodevilla/Getty Images)

A regulation from the Obama administration that would have allowed foreign-born entrepreneurs who raise investor cash to build their startups in the US won't be allowed to go into effect.

The Department of Homeland Security will file an official notice to delay the International Entrepreneur Rule for eight months. The intention is to eliminate the rule entirely, according to sources briefed on the matter who spoke to The Wall Street Journal.

The decision isn't final, and a DHS spokesperson told the WSJ that the department "cannot speculate" on the outcome of the review.

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