TechCrunch/ Jonathan Shieber/ May 28, 2018

After nearly a year of protest and litigation, the Department of Homeland Security finally announced late last week that it was moving ahead with plans to rescind the International Entrepreneur Rule, which would have allowed immigrant founders of startups to remain in the U.S. for up to five years.

The Obama-era initiative was designed to allow immigrants who were creating new companies (and new jobs) in the United States to remain in the country for two-and-a-half years (with the possibility for another two-and-a-half year extension) as long as they were meeting milestones for company growth and development.

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