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

"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."

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Jobs for America citizens?

If anyone does not provide for his own, and especially his own household, he has denied the faith and is worse than an unbeliever.


1 Timothy 5:8

This is a Biblical principle.

The reason they are wanting to bring in foreigners is totally motivated by greed.

Folks this ultimately is not altruism and we all know it.