The Biden administration announced it is revoking a Trump administration regulation aiming to end the “International Entrepreneur” (IE) program established by the Obama administration. The Trump administration issued a regulation to revoke the program, but a federal court order blocked that regulation, and the program has been in effect since 2018.
The Biden administration has now formally withdrawn the Trump era rule aiming to revoke the IE program.
The IE program was instituted to allow international entrepreneurs to have a legal means to be in the U.S. in order to “create and develop start-up entities with high growth potential in the United States.” Revoking the regulation that would have eliminated the program takes away a cloud that hovered over it and ensures that promising entrepreneurs, including international students who have pursued graduate degrees in STEM fields in U.S. universities will have a case-by-case chance to stay in the U.S. in order to launch new enterprises.
You can find more details about the IE program here.