White House proposes rule to welcome immigrant entrepreneursWASHINGTON (Reuters) - The Obama administration proposed a rule on Friday aimed at attracting thousands of immigrant entrepreneurs to start companies in the United States.  The rule, proposed by the Department of Homeland Security, would ease the ability of startup founders to build companies if they have significant funding from U.S. investors. The administration hopes the rule will be completed before President Barack Obama’s term ends on Jan. 20. The proposed rule is part of Obama’s commitment to “attracting the world’s best and brightest entrepreneurs to start the next great companies here,” Tom Kalil, a technology policy adviser at the White House, told reporters in a call. Kalil said immigrants have co-founded as many as one in four high-tech startups across the United States and more than half of all startups in Silicon Valley.  Immigration has been a crucial issue in the 2016 presidential campaign ahead of the Nov. 8 election. Republican candidate Donald Trump has vowed to toughen immigration policies, while Democratic candidate Hillary Clinton has proposed creating an office of immigrant affairs to expand Obama’s efforts to help immigrants integrate better into the country.  Under the rule, DHS would issue temporary permission for entrepreneurs to live in the United States if they have at least 15 percent ownership in startup companies formed in the country within the past three years. The companies must have investment of at least $345,000 from qualified U.S. investors. The administration expects about 3,000 immigrants would apply for the temporary permission, known as parole. Max Levchin, a co-founder of PayPal and other companies who was born in Ukraine, said the proposed rule is a “great, concrete step toward creating more jobs in America and more success stories.” Many entrepreneurs are educated at prestigious U.S. universities, but find themselves unable to stay in the country  because they lose visa lotteries or can’t afford to sponsor themselves through an existing investor visa program. “We lose and will continue to lose talented, skilled, well educated scientists, engineers and entrepreneurs because they are simply not allowed to stay and work after we educated them to very high standards,” Levchin said. “It makes very little sense.” politicsNews
white house proposes rule welcome immigrant entrepreneurswashington reuters the obama administration proposed rule friday aimed attracting thousands immigrant entrepreneurs start companies united states the rule proposed department homeland security would ease ability startup founders build companies significant funding investors the administration hopes rule completed president barack obama term ends the proposed rule part obama commitment attracting world best brightest entrepreneurs start next great companies tom kapil technology policy adviser white house told reporters call kapil said immigrants many one four startups across united states half startups silicon valley immigration crucial issue presidential campaign ahead election republican candidate donald trump vowed tougher immigration policies democratic candidate hillary clinton proposed creating office immigrant affairs expand obama efforts help immigrants integrate better country under rule dhs would issue temporary permission entrepreneurs live united states least percent ownership startup companies formed country within past three years the companies must investment least qualified investors the administration expects immigrants would apply temporary permission known parole max levchin papal companies born ukraine said proposed rule great concrete step toward creating jobs america success many entrepreneurs educated prestigious universities find unable stay country lose visa batteries afford sponsor existing investor visa program we lose continue lose talented skilled well educated scientists engineers entrepreneurs simply allowed stay work educated high standards levchin said it makes little politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: White House proposes rule to welcome immigrant entrepreneursWASHINGTON (Reuters) - The Obama administration proposed a rule on Friday aimed at attracting thousands of immigrant entrepreneurs to start companies in the United States.  The rule, proposed by the Department of Homeland Security, would ease the ability of startup founders to build companies if they have significant funding from U.S. investors. The administration hopes the rule will be completed before President Barack Obama’s term ends on Jan. 20. The proposed rule is part of Obama’s commitment to “attracting the world’s best and brightest entrepreneurs to start the next great companies here,” Tom Kalil, a technology policy adviser at the White House, told reporters in a call. Kalil said immigrants have co-founded as many as one in four high-tech startups across the United States and more than half of all startups in Silicon Valley.  Immigration has been a crucial issue in the 2016 presidential campaign ahead of the Nov. 8 election. Republican candidate Donald Trump has vowed to toughen immigration policies, while Democratic candidate Hillary Clinton has proposed creating an office of immigrant affairs to expand Obama’s efforts to help immigrants integrate better into the country.  Under the rule, DHS would issue temporary permission for entrepreneurs to live in the United States if they have at least 15 percent ownership in startup companies formed in the country within the past three years. The companies must have investment of at least $345,000 from qualified U.S. investors. The administration expects about 3,000 immigrants would apply for the temporary permission, known as parole. Max Levchin, a co-founder of PayPal and other companies who was born in Ukraine, said the proposed rule is a “great, concrete step toward creating more jobs in America and more success stories.” Many entrepreneurs are educated at prestigious U.S. universities, but find themselves unable to stay in the country  because they lose visa lotteries or can’t afford to sponsor themselves through an existing investor visa program. “We lose and will continue to lose talented, skilled, well educated scientists, engineers and entrepreneurs because they are simply not allowed to stay and work after we educated them to very high standards,” Levchin said. “It makes very little sense.” politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: white house proposes rule welcome immigrant entrepreneurswashington reuters the obama administration proposed rule friday aimed attracting thousands immigrant entrepreneurs start companies united states the rule proposed department homeland security would ease ability startup founders build companies significant funding investors the administration hopes rule completed president barack obama term ends the proposed rule part obama commitment attracting world best brightest entrepreneurs start next great companies tom kapil technology policy adviser white house told reporters call kapil said immigrants many one four startups across united states half startups silicon valley immigration crucial issue presidential campaign ahead election republican candidate donald trump vowed tougher immigration policies democratic candidate hillary clinton proposed creating office immigrant affairs expand obama efforts help immigrants integrate better country under rule dhs would issue temporary permission entrepreneurs live united states least percent ownership startup companies formed country within past three years the companies must investment least qualified investors the administration expects immigrants would apply temporary permission known parole max levchin papal companies born ukraine said proposed rule great concrete step toward creating jobs america success many entrepreneurs educated prestigious universities find unable stay country lose visa batteries afford sponsor existing investor visa program we lose continue lose talented skilled well educated scientists engineers entrepreneurs simply allowed stay work educated high standards levchin said it makes little politicsnews