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Law360, New York (August 26, 2016, 10:16 PM ET) — A long-awaited rule that would allow immigrant startup founders to temporarily stay in the U.S. was largely greeted by attorneys Friday as a welcome stopgap since entrepreneurs have limited visa options, but its potential investment demands mean the program likely won’t be for everyone.
The proposed entrepreneur rule — one of several initiatives still being rolled out under President Barack Obama’s executive actions on immigration — was released by U.S. Citizenship and Immigration Services on Friday to moderate cheers from immigration practitioners, since the U.S. still…