President Obama had proposed immigration benefits with a view to
retain talent and promote innovation and business. There will be no
new legislation to implement this but USCIS will soon publish draft
regulations that will enable its office to grant parole to certain
foreign-born entrepreneurs who establish start-up businesses in the
US.
After the proposed regulation is published in the Federal
Register, there will be a 45-day public comment period. After
considering all the comments the USCIS may modify the draft
regulations. The final regulations will probably be published
either in late 2016 or early 2017 and become effective
thereafter.
Parole is a term that is generally used in three contexts by the
U.S. government - (1) Parole is granted to a person who does not
meet the technical requirements for a visa or is inadmissible,
permitting him/her to enter the United States on humanitarian
parole for a temporary period of time; (2) Another use related