Court overrules DHS delay on Obama's entrepreneur visa rule

The U.S. District Court for the District of Columbia overturned the Department of Homeland Security's delay of President Obama's International Entrepreneur Rule (IER) on Friday.

Why it matters: The Obama-era rule would allow foreign-born entrepreneurs two-and-a-half years in the U.S. to grow their companies, and possibly an additional two-and-a-half year extension. The DHS delayed the implementation a week before it was meant to go into effect in July.