Impact of Current H1B Workers in TARP Companies
By HSB
After new H1B rules was signed into law, many current H1B Employees are trying to find out the impact. Even though the New rules says TARP companies have additional restrictions to hire workers in H1B Visa for 2009, 2010 and 2011 February. But what about current H1B Visa holders working for TARP companies – Firms that receive bailout money from US Government?
Additional Question about New Rules
Some of the questions from current employees in TARP companies that was posted in comments are
- Will new h1b rules (law) impact Green Card processing?
- Can TARP companies file for Labor?
- I’m working in OPT in one of the banks receiving bailout money – what will happen to me? Can they file my H1B Visa April 2009?
- Can banks apply for my H1B Extension? Will new rule affect companies from filing H1b extension?
Capital Law Group Immigration Attorney says
The statute is drafted to prohibit any “new hires” between February 17, 2009 and February 16, 2011. “Hire” is defined as permitting “a new employee to commence a period of employment.” As a result, it seems that the H-1B restrictions do not apply to H-1B workers who are already employeed at the TARP companies. However, neither USCIS nor DOL have issued implementation guidance or regulations yet, so it is not completely certain that they will take the same view. You can read the entire article TARP Stimulus and H1B
Related posts:
- List of TARP Companies Receiving Stimulus Bailout Money
- Obama Signs Stimulus Bill; New H1B Rules are Included
- Bank of America Withdraws Job Offers to MBA Graduates
- Changes to New H1B Visa Bill
- H1B Visa 2010 – Strict Hiring Rules
Hi.. this is kavitha here again..
i have my GRE exam on 15 May
i started taking tests from Big B Book, my quant test results in 24 to 30 correct answers out of 30 questions.
and my verbal section results in 14 to 20 correct answered question out of 38 question.
in what level am i?
can i make 1400+ my GRE Score?
And tell me in what way i can improve…
dear Ari
Green card can be filed only after when u complete five years status on H1b visa or as early u left nine months when u are compelting six years on H1b visa. one can not file for GC immedialtely on getting H1b visa approved or in the first year of stay in US.
@AK Gupta – Its not like that. Sponsoring company can file GC anytime. No need to wait for 5 years.
Question:
I one happens to get the H-1B visa approved, can he/she apply for Green card immediately if he/she wants to without waiting for a specific period?
I one happens to get the H-1B visa approved, can he/she apply for Green card immediately if he/she wants to without waiting for a specific period?