Impact of Current H1B Workers in TARP Companies

by HSB on February 26, 2009

in H1B Visa

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:

  1. List of TARP Companies Receiving Stimulus Bailout Money
  2. Obama Signs Stimulus Bill; New H1B Rules are Included
  3. Bank of America Withdraws Job Offers to MBA Graduates
  4. Changes to New H1B Visa Bill
  5. New H1B Visa Bill to remove workers from US.?
  6. Bill To Restrict H1B Hiring to All Companies?

{ 7 comments… read them below or add one }

1 kuber November 26, 2009 at 1:35 PM

hi,its me kuber dhamala
i am on h2b visa now n trying to extent in h1b very soon is there any challange that it not going to approve and how long does it take once i apply h1b visa ??

Reply

2 kavitha April 17, 2009 at 11:52 AM

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…

Reply

3 A K Gupta March 24, 2009 at 2:23 AM

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.

Reply

4 HSB March 24, 2009 at 8:10 AM

@AK Gupta – Its not like that. Sponsoring company can file GC anytime. No need to wait for 5 years.

Reply

5 Moshe Ari March 23, 2009 at 2:15 PM

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?

Reply

6 Moshe Ari March 23, 2009 at 2:14 PM

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?

Reply

7 Ravi August 10, 2010 at 8:54 PM

No need to wait, Go head

Reply

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