Last 1 week, all H1B Visa applicants were curious to know the impact of New H1B rules that would prevent companies receiving TARP funding to Hire H1B Visa workers. It looked like that new H1B Visa Rules will be passed to become a Law. But, looks like things took a dramatic turn today behind closed doors.
New H1B Rules Removed
Today President Obama and few others have asked to remove the new rule from the stimulus bill. Last week 2 Senators introduced a new H1B rule into the stimulus package. When new bill is added, majority of the Senators have to approve it. Each state in U.S. has 2 Senators.
In last week’s voting, majority of the Senators agreed to include the new H1B Visa rules into stimulus package. So, banks that receive funding cannot hire H1B workers who are paid less then $60,000 and don’t have advanced degree.
Stimulus Bill was introduced into US House of Congress and members of House voted for a Big Stimulus bill. For the Bill to become a law, US Senate also have to vote and approve on the Bill. Senators made some changes to the Bill and they voted. H1B bill was also added in the Senate.
First, bank Stimulus Bill was passed by US Congress House. Since, changes were made to the Bill in Senate, now they have to vote again and Bill have to passed. Only after both US Senate and US House agrees on a Bill, US President have to sign it to make it a Law.
Negotiations was going on between US Senate and US House of Congress on what to include and reach a compromise. President Obama and 2 other congress members made sure that New H1B rules will be removed from the Stimulus.
Impact of Removing H1B Hiring rule
After H1B Rules are deleted from the stimulus bill, banks that receive money from US can hire H1b workers. So, that’s good news to many H1B Visa applicants and also to current employees working the in those banks. If you wonder, how this could have happened?
Well, my guess could be very high profile lobbying from attorneys and others. They could have talked to Mr. President Obama and others explaining the impact of not hiring H1b workers and maybe impact must have been more than not hiring.
Read - Impact New H1B rules on Existing H1B Visa workers in TARP Companies
Is it confirmed?
So far I have read in couple of places only about this breaking news. It will be few more hours before other sites updates the news. If there is any change, you can find the update here. Stay tuned. So, do you think is good news, if so write your thoughts as comment below.
Update – Obama Signs New H1B Rules on Feb 17
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{ 13 comments }
The article is very informative, as usual Indian guys got to be together at the critical moment and forget the differences whatever they have.
No one has applied mind to the wording that the “Stimulus money belongs to american people”, then what about the taxes we H1′s have been paying and paid sofar. We have been paying very hingh taxes rainging from 30 to 33% of our income. Is this moeny not part of the stimulus. Are we H1s not deserve any kind of relaxation in H1 rules. I think everyone should think about it. Basically we also pay taxes, let our community bring this to the notice of the law makers in the possible way.
TO COME USA FOR STUDY IS VERI NICE.
BUT DONT MESS IT WITH H1B VISA CAUSE IT IS DIFFRENT MATTER.YOUR PERPOSE#INTENTION IS QUITE DIFFENT.SO TO HATE ABOUT H1B IS NOT SO GOOD. AND DONOT CONDEMN TO STUDY IN USA.
Its shameful act to malign each others state belonging to same country publicly.We are Indians above all and should not think of regionalism factors.In this hour of crisis one should not pinpoint at each other but closely work together and sort out things in an amicable manner.The H1B people are one of the most hardworking and effective resource in USA.Thats why H1B visa program is still operative.
i don’t support any H1Bs who don’t deserve a job here.before sponsoring a visa i guess they should check the background of the candidate..from which college he/she has passed out from.what was the stand of his/her university..there are lot of people i know who do crash courses on engineering..and courses from niit or something similar and come here on H1Bs.i guess govt should be able to identify good from bad.i hate L1 visas.they come here to work on a project and when it’s time to go back they apply for H1bs.i guess that should be stopped.The worst offenders are not H1bs but indian consultants.
to be honest most of these people do really come from andhrapradesh…
“I hate L1 visas” hahaha…go to kindergarten to learn some manners….who are you to hate? and who is asking ur opinion abt L1 visas…if they are applying for H1, they will be equally eligible as any other. Infact they’ll have an L1 usually from reputed companies which wud have done a strong background check.
Grow up Girl
being an INDIAN.Support h1b people..be united dont abuse punjabi’s and andhras companies..Shame on ur part guys
Good informative site.
So this means that H-1 quota will increase or decrease?
Its a nice article but still many questions ,,,,,,,,,,,,,,,,,,
H1B visas are misused by Indian Andhra companies – so, it is time to stop issuing H1Bs to Andhra companies
Its not only Andhra companies. Even lots of Punjabis and Delhi folks have companies in US that do not physically exist. Even they should be removed.
It not necessary to be physically present in US to run a company. Company can be registered in US with foreign address.
It looks like this article contradicts this:
http://www.immigration-law.com/
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