Obama Signs Stimulus Bill; New H1B Rules are Included
By HSB
Yesterday President Obama signed the Stimulus Bill. As I said in previous article, new Bill will become law only after President signs it. It has both good news and not so good news.
Good News
New Stimulus Law will create millions of new job and provide Tax Break to Middle Class Families and improve America’s School system and infrastructure. Banks will receive money, so they can lend more to the consumers.
Bad News
New H1B Hiring Rules is in included in the Law. Which means, companies receiving money from the Stimulus Bill will be considered as H1B Dependent Firm and they can hire H1B Workers, but they are subject to very strict rules. There was some confusion, if new rules doesn’t apply to Exempt H1B workers. An exempt worker is one who makes at least $60,000/year OR possesses a Master’s or higher degree in their filed. Banks receiving funds have to follow new rules even if they hire exempt workers.
For a day there were rumors about New H1b Rules being removed from the Stimulus bill, but that was not the case. This rules applies to 2 years from now. I’m still trying to understand the impact of existing employees in those companies receiving bailout money. I’m trying to find answers to following questions
- Can current employees apply for H1B Visa Extension working in banks receiving bailout money
- Can they hire H1B Workers as contractors instead of Full time Permanent employees, through a consulting firm?
- What is the impact of this new law while filing for Green card
As I find more information, I will post here. Subscribe to News Letter or through RSS Reader to get instant updates delivered to you.
Read – Impact of NewH1B rules on Current employees in TARP Companies and List of TARP Companies receiving Bailout Money
Disclaimer – Refer to Immigration Professional if you have more questions; Information diplsayed here is for information purpose only.
Related posts:
- New H1B Rules Removed by Obama?
- Impact of Current H1B Workers in TARP Companies
- Changes to New H1B Visa Bill
- New H1B Visa Bill to remove workers from US.?
- New H-1B Hiring Rules – Approved in US Senate
The H1B visa program has destroyed the US consulting business. Clents in the past paid billing fees along with travel expenses. Now consultants with an H1B visa have no ownership in America therefore they can relocate to the clients location eliminating travel expenses. By doing so they are making it impossible for US citizens to compete in this market. US citizens like myself would have to give up our family responsibities, sell everything we own and go on the road to compete. Does this make sense or should we make it more difficult to obtain a visa if US citizens have the required job skills. Initially, the visa program was used to backfill jobs where there wasn’t enough US workers to perform the work. Now it’s to line the pockets of large corporations, consulting companies and those that lobby our government to approve and increase the number of H1B visa’s.
Companies hire H1B workers becuase they are skilled, smart, educated, mostly hardworking,…etc….there is no drama! We don’t slack around in the office, like I have seen most citizens do…..So don’t blame it on the Immigrant workers for your lack of talent and skills….look what the sneaky “deport the immigrant and we’ll take their job” caused America”….it is a disaster!!! I don’t think you are not aware that that USA is really the USA—>THE UNITED STATES OF AMERICA….STATES FROM ALL OVER THE WORLd BUILT AMERICA!….that’s what USA means…..
What happens to the IT companies which basically use to get consultants as contractor and place them to clients
Will they be required to show that the have contracts.
is it true that the minimum requirement for Physical Therapist eligible to be filed for H1 b is a master’s degree?
@theo,
Based on the info gathered by my cousin who works as a PT in Tennessee, students from the US are studying PT for 7yrs. So that makes them in a masters degree. And I assume that you are from PI?
Too many rumors. Need some solid information. What is exactly happening if someone is applying for extension of H1B?
A clear info is what I am looking for.
UKS
Too many rumors. Need some solid information. What is exactly happening if someone is applying for extension of H1B?
A claer info is what I am looking for.
UKS
This is what we need to do to clean up all the contractors.
Recently the immigration dept has been rejecting most of the visa’s (new / renewal). One of the reasons given for rejecting the L1 Visas (company to company transfer) is “candidate does not work on proprietary tools”
L1 visas are only issued if the company in off-shore wants to transfer its employee to US to work on the proprietary tools that no one else or very few have knowledge.
That is why we are hearing big consulting firms pulling their L1 Blanket visa candidates back to India. Seems like all the blanket visas are now VOID.
This is what we all need to do.
If you know any contactor working on L1 visa at the client cite, inform ICE about it. ICE will raid the premises and will investigate.
Secondly, even H1-B are getting rejected, the reason given is “cannot do consulting on H1B”. I am really shocked with this reason. Well, this is what everybody has been doing.
You can also provide list of all these candidates to ICE. If possible provide the details of where they work. If you know where they live, ICE will raid the residence.
You can also complain about fake resume, degree etc.
To report any suspicious activity or to make a confidential reporting of immigration or customs violations, please call 1-866-DHS-2-ICE (1-866-347-2423).
Please post the comment in all the blogs you know.
Best of Luck,
Lets do some clean up.
Please spread the word
Do we have an answer to the following?
Can current employees apply for H1B Visa Extension working in banks receiving bailout money ?
I am a Fall 09 MS aspirant…will this bill affect my career when i come out of the university..u mentioned only about Banking jobs…how does this affect the Electronics Job sector as i am basically from E.C.E back ground…..Also right now i am in my final yr of engg. Recently got placed in T.C.S in these conditions is it worth leaving my job & come to US?
From my understanding, rule applies only to Exempt H1B workers? What does this mean for current masters graduates. Could you provide a more detailed explanation.
@Thejas – Thanks for the comment. I have corrected the wordings.