As US President Donald Trump signed on Friday and the executive order to impose a fee of $ 100,000 on requests for H-1B visa, industry leaders and US lawmakers criticized this step as “ruthless” and noted that they would have “huge negative” to IT industry.
What did Trump said?
On Friday, Trump signed a “restriction of the declaration of the entry of some non -Igrants”, which limits the entry into the US to those who are not accompanied by H1B petitions or supplemented by $ 100,000.
“The H-1B Inmigrant Visa program has been created to bring temporary workers to the United States to perform additive, highly qualified functions, but intentionally used to replace, rather than supplementing American workers with lower and lower work,” Trump said in the announcement.
“The abuse of the H-1B program is also the threat of national security. The domestic coercive bodies have identified and investigated outsourcing companies relating to H-1B with visa fraud, plotting for money laundering … and other unlawful activities that encourage foreign workers to come to the United States.”
“It will affect the sector sensitively …”
Congressman Raja Krishnamoorthi said PTI that an increase in fees is “a ruthless attempt to cut off America from highly qualified workers who have long strengthened our workforce, supported innovations and helped build industries employing millions of Americans”.
It points out that many H-1B holders become citizens and later start businesses to create more jobs, adding: “While the races of other nations attract global talent, the United States should strengthen their workforce and modernize our immigration system-no barriers that weaken our economy and security.”
Also read | Trump to store a fee of $ 100,000 for H-1B visa: Best FAQ replied
Ajay Bhutoria, a former President Joe Biden advisor, said that an increase in fees would have a negative impact on the technical sector.
“The H-1B program, an innovation rope that attracted the top talent from around the world, faces unprecedented obstacles with this massive jump from the current total fee of $ 5,000 to crush small businesses and startups depending on diverse talents,” said Bhutoria PTI.
In addition, Khanderao Kand of the Foundation for India and Indian Diaspora studies (FIIDS) described the decision as “unfortunate”, which can have a “very negative” impact on the American Technology Industry.
“The 100k FEE FOR H1BS IS AND VERY UNORTUNATE POLICY WITH AND HUGE NEGATIVE IMPACT ON BUSINESS, Particularly the Software/Tech Industry, As Well As Us-Educated Stem Talent Negative Impact, Especially on Startups and Smaller Tech Companies, Making it Difficult for Them to Innovate and Compet, “He Said, as reported would not.
How do companies react?
Meanwhile, companies like Microsoft and JP Morgan have already issued a directive for their employees. Microsoft has asked H-1B and H-4 visa holders who are currently outside the US, they asked for them who returned to the country before 21 September. On the other hand, JP Morgan asked the H-1B visa holder to avoid international travel until the next leadership.
Also read | Project Firewall Launched: Are Indian staff H-1B endangered?
Many large American technologies, banking and consulting companies refused to comment or responded immediately to requests for comment.
The shares of Cognizant Technology Solutions, IT Services, which rely on H-1B visa holders, closed almost 5%. US stocks of Indian technology companies Infosys and Wipro have closed between 2% and 5% lower.
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