White House Is Planning To Let More Foreign Entrepreneurs Work In the US (recode.net)

Peter Hudson writes from a report via Recode: "After failing to get Congress to pass a 'startup visa' as part of broad immigration reform, the Obama administration is moving ahead with an alternative that would allow overseas entrepreneurs to live in the U.S. for up to five years to help build a company," reports Recode. "Already speaking out in favor of the new rules is PayPal co-founder Max Levchin: 'I believe that the most promising entrepreneurs from around the world should have the same opportunity I had -- the chance to deliver on their potential, here in America.' Levchin moved to the U.S. from the Soviet Union in 1991." There are three conditions that need to be met in order to be eligible to work in the U.S. under the new rule: the foreigner would have to own at least 15 percent of a U.S.-based startup, the foreigner would need to have a central role in the startup's operations, and the startup would need to have "potential for rapid business growth and job creation." The third requirement could be met by having at least $100,000 in government grants or $345,000 invested from U.S. venture investors. "Under [the International Entrepreneur Rule (PDF)] being formally proposed on Friday, the Department of Homeland Security would be empowered to use its existing authority to allow entrepreneurs to legally work in the country for two years, possibly followed by a one-time three-year extension," reports Recode. "While the public will have 45 days to comment, the rules aren't subject to congressional approval."

Comments

Don't let them in

[Anonymous Coward]

I'm having a hard time here deciding which of these I hate the most: niggers, wetbacks, towelheads, kikes, chinks, faggots, or Linux users. All of them are fucking awful and should be exterminated. My hate is strong and I'm damned proud of it. In fact, my hate is getting stronger as I talk to you people. There's nothing racist about my post, though. I'm definitely not racist, either. That word is a tool used by asshole Linux users to try to discredit anyone they disagree with. Linux users consider Microsoft to be racist. Damn, I hate Linux so much. We need to kill the kikes, send the niggers into the sun, and nuke the sand niggers over and over again. It's the only way to be safe from greed, nigger crime, and terrorism. And Hillary Clinton is the only person who can accomplish this. HILLARY 2016!

Re:Why do we even have congress?

[DogDude]

It's not a "line". He's objectively stupid.. If you can't see that he's a fucking moron... well...