Trump Administration to Undo Obama's International Entrepreneur Rule

The Trump administration plans to dismantle a regulation that would have helped more foreign-born entrepreneurs build startups in the U.S. without a traditional visa, according to people briefed on the administration’s plans. The International Entrepreneur Rule, enacted during the final days of the Obama administration and set to go into effect next month, would have let foreign entrepreneurs apply to work in the U.S., provided their startup raised $250,000 from established U.S. investors.