Stimulus bill keeps H-1B hiring limits on bailout recipients
A provision intended to require banks receiving federal bailout funds to give hiring priority to U.S. workers over foreigners with H-1B visas was left in the economic stimulus package when U.S. House and Senate negotiators agreed on a compromise bill this week.
The US$789 billion stimulus bill was subsequently approved by the House of Representatives Friday, and a vote in the Senate is expected Friday night.
The provision designed to curb the use of H-1B visas was proposed last week by Sens. Bernie Sanders (I-Vt.) and Chuck Grassley (R-Iowa) as an amendment to the Senate's stimulus legislation. The proposal initially sought to bar H-1B hiring by financial services firms receiving bailout money, but it was later modified to restrict such hiring.
The stimulus bill, once it is approved by the Senate and signed by President Barack Obama, will require firms that take bailout funding to make a good-faith effort to hire U.S. citizens before people who are in the country on H-1B visas.
Opponents of the measure says it is so restrictive that affected financial services firms likely will stop hiring H-1B workers altogether. However, the provision doesn't prevent them from using offshore outsourcing contractors, which typically are heavy users of H-1B visas.
As a result of the conference agreement, Sanders said in a statement Friday that he expects the H-1B provisions to be adopted along with the rest of the stimulus bill. He added that what may have prompted the negotiators to keep the H-1B restrictions in the bill were all of the ongoing layoffs and other job losses. "With thousands of financial services workers unemployed, it is absurd for banks to claim they can't find qualified American workers," Sanders said.
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The flow to get H1-B visa
The flow to get H1-B visa from all over the world has been decreased these dazs. I am not sure but i heard some where that India has been at 2nd positions to avail H1-B visa's this year. This is only because of economy crisis fear that each and every person all over the world feels. HR Management FL HR Administration