PayPal cofounder Max Levchin praises White House proposal to attract immigrant entrepreneurs

(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 com