The Department of Homeland Security is currently seeking comments on its proposed rule creating regulatory guidelines for the discretionary grant of parole to international entrepreneurs, in order to facilitate entrepreneurship, innovation, and job creation in the United States.
The proposed rule seeks to establish a framework for granting parole to entrepreneurs based on the creation of a startup entity in the United States. In order to receive parole under the rule, the entrepreneur would need to demonstrate that the United States would receive a significant public benefit from the creation of a new startup entity with significant potential for rapid growth and job creation. This potential for growth and job creation would have to be demonstrated by significant capital financing from U.S. investors with established records of successful investments, or grants or awards from Federal, State or local government entities. The grant of parole would then allow the applicant to oversee and grow the startup in the United States, maintaining an active and central role in its operations. Under the rule, entrepreneurs would be able to receive an initial 2-year grant of parole, with one additional 3-year extension available based on the initial success of the startup.
The full text of the proposed rule can be found here. DHS is accepting comments until October 10, 2016.