White House May Allow More Foreign Entrepreneurs In The U.S.

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U.S. President Barack Obama delivers a statement on economy at the White House on April 5, 2016. (Alex Wong/Getty Images)

A new federal proposal may make it easier for foreigners to start businesses in the U.S.

The plan, announced Friday, would require foreigners to own at least 15 percent of a new company, among other things. The government is taking public comments for the next 45 days.

The proposal has gained attention throughout the technology industry, which has many foreign-born workers, including several high-profile founders and executives.

Ina Fried of Recode speaks with Here & Now‘s Jeremy Hobson about the plan, and the issue of immigration in the tech sector.


Ina Fried, senior editor of mobile for Recode. She tweets @inafried.

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