WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the Obama Administration announced a proposed rule by the Department of Homeland Security (DHS) to allow foreign-born entrepreneurs who meet certain criteria to remain in the U.S. to grow their businesses. The proposed International Entrepreneur Rule is part of President Obama’s executive order on immigration first announced in November 2014.
“Today’s announcement is welcome news for the entrepreneurial ecosystem and we applaud the Obama Administration for keeping its foot on the gas of this important issue. Immigration reform has long been a focus of NVCA and we are glad to see our priorities on the issue woven into this proposal,” said Bobby Franklin, President and CEO of NVCA. Read more
