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Court overrules DHS delay on Obama's entrepreneur visa rule

Former President Barack Obama. Photo: Julio Cortez / AP

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.