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The U.S. Tech Immigration Freeze: First H1-B Visas, Now Entrepreneurs

The Trump administration may eliminate a federal rule designed to attract foreign entrepreneurs to the United States.

The news Monday on the international entrepreneur rule was widely expected in India, which has been among the beneficiaries of U.S. tech jobs through H-1B visas, which allow well-educated experts to work in United States. While the rule's effective date was moved to March 2018 from July 17, the Department of Homeland Security is seeking public comment to withdraw the rule.

The Columbia India Small Cap exchange-traded fund (SCIN) and the iShares MSCI India Small Cap ETF (SMIN) were down 1% and 0.8% respectively, while the iShares MSCI India ETF (INDA) was down 0.2%. The Technology Select Sector SPDR Fund (XLK) fell fractionally while the Vanguard Information Technology ETF (VGT) was up fractionally.

The entrepreneur rule change was part of a White House executive order on immigration and border security. The...


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