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The Trump administration will delay implementation of the International Entrepreneur Rule and has signaled its intent to rescind the rule altogether, according to a notice that is set to be published Tuesday in the Federal Register. The Trump administration’s moves to delay and possibly scrap the rule, which was finalized days before former president Barack Obama left office, are not surprising after the rule was sent to the Office of Management and Budget for additional review a little more than a month ago.
Key points:
BAL Analysis: BAL supported the International Entrepreneur Rule and advocated to keep it in place. The administration’s moves to delay and eventually scrap the rule are unsurprising, however, especially after it was sent back to OMB for additional review this spring.
This alert has been provided by the BAL Global Practice group. For additional information, please contact your BAL attorney.
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