H-1B visa regulations lifted for TARP recipients?

Yi-Wyn Yen — Wed, 18 Feb 2009 13:13:18 -0500

President Obama's stimulus package will make it difficult for foreigners to get H-1B work visas with companies that accept TARP money. An amendment in the stimulus bill puts strict regulations on the hiring practices of the New York banks and financial services companies who have taken TARP money. The federal government wants TARP-funded companies to hire from the growing pool of laid-off Americans rather than new immigrants seeking H-1B visas.

The new provision especially hurts Indian immigrants, who make up roughly 70% of the 65,000 H-1B visas awarded in the U.S. each year and who work primarily in the IT sector.

Senator Chuck Schumer of New York (D) calls the hiring restrictions on H-1B workers "counterproductive" to New York's economy and vows to work hard to change it. Schumer will need to create an amendment in another bill that must be passed through Congress in order to reverse or change the strict hiring policies of TARP recipients.

Prediction: An amendment to make it easier for Troubled Asset Recovery Program recipients to hire H-1B visa workers will be passed through Congress by September 1, 2009.

Image: Niyam Bhushan/Flickr

H-1B visa regulations lifted for TARP recipients?

Yi-Wyn Yen — Wed, 18 Feb 2009 13:13:18 -0500

The new provision especially hurts Indian immigrants, who make up roughly 70% of the 65,000 H-1B visas awarded in the U.S. each year and who work primarily in the IT sector.

Prediction: An amendment to make it easier for Troubled Asset Recovery Program recipients to hire H-1B visa workers will be passed through Congress by September 1, 2009.

Image: Niyam Bhushan/Flickr

H-1B visa regulations lifted for TARP recipients?

Yi-Wyn Yen — Wed, 18 Feb 2009 13:13:18 -0500

The new provision especially hurts Indian immigrants, who make up roughly 70% of the 65,000 H-1B visas awarded in the U.S. each year and who work primarily in the IT sector.

Prediction: An amendment to make it easier for Troubled Asset Recovery Program recipients to hire H-1B visa workers will be passed through Congress by September 1, 2009.

Image: Niyam Bhushan/Flickr

H-1B visa regulations lifted for TARP recipients?

Yi-Wyn Yen — Wed, 18 Feb 2009 13:13:18 -0500

The new provision especially hurts Indian immigrants, who make up roughly 70% of the 65,000 H-1B visas awarded in the U.S. each year and who work primarily in the IT sector.

Prediction: An amendment to make it easier for Troubled Asset Recovery Program recipients to hire H-1B visa workers will be passed through Congress by September 1, 2009.

Image: Niyam Bhushan/Flickr