On Friday, the House of Representatives passed a multi-million dollar stimulus bill designed to jumpstart the United States’ economy. For the business immigration world, the bill includes the Sanders H-1B amendment . This amendment heavily burdens recipients of Troubled Assets Relief Program (TARP) funds with strict regulations for hiring foreign workers under the H-1B program. The President of AILA, Charles H. Kuck, said, “The misguided signal it sends is that immigrants are part of the problem rather than an integral part of the solution.” In other words, the H-1B program works to bring foreign-born talented individuals to the United States to help create new jobs and bolster the United States’ economy. Passage of the amendment means that it is going to be harder for TARP recipients to successfully petition for top level talent under the H-1B program and thus it works counter to the ultimate goal of economic growth for the United States.
The economic stimulus bill has been approved by the Senate and is expected to be signed by President Barack Obama early this week.
NOTE – THE SANDERS H-1B AMENDMENT APPLIES ONLY TO THOSE RECIPIENTS OF TARP FUNDS.