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H-1B visa reform bill introduced in US House of Representatives |
sk |
01/31/2017 05:51 AM |
The Bill seeks to double minimum salary of H-1B visa holders to $130,000.
WASHINGTON: In what will be a big blow to IT firms in India, a legislation was introduced in the US House of Representatives today mandating that the minimum salary of H-1B visa holders be doubled to $130,000.
If the legislation is passed, it will become very difficult for American companies to use H1-B visas to hire foreign workers, including IT professionals from India.
The BSE IT index slumped over four per cent at news of the introduction of the new legislation.
The legislation "offers a market-based solution that gives priority to those companies willing to pay the most," said Congressman Zoe Lofgren, who introduced it. "This ensures American employers have access to the talent they need, while removing incentives for companies to undercut American wages and outsource jobs," he said.
The legislation, called the High-Skilled Integrity and Fairness Act of 2017, prioritises market-based allocation of visas to those companies willing to pay as much as 200 per cent of a wage calculated by the survey.
The legislation also proposes eliminating the 'lowest pay' category. The raised salary level - to more than $130,000 - is more than double the current H-1B minimum wage of $60,000, which was established in 1989 and has since remained unchanged.
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Re: H-1B visa reform bill introduced in US House of Representatives |
sk |
01/31/2017 05:53 AM |
It raises the salary level at which H-1B dependent employers are exempt from attestation requirements to a new required wage level of 35 percentile points above the median national annual wage for Computer and Mathematical Occupations published by the Department of Labour Occupational Employment Statistics (roughly $132,000), which would be adjusted in the future without the need for new legislation, and eliminates the Master's Degree exemption for dependent employers.
The legislation sets aside 20 percent of the annually allocated H-1B visas for small and start-up employers (50 or fewer employers) to ensure small businesses have an opportunity to compete for high-skilled workers, while still being protected from outsourcing.
Among other things, Lofgren's legislation removes visa hurdles for students and other temporary visa holders by building a bridge from F-1 student status to Lawful Permanent Residence. It also removes paperwork burdens by streamlining H-1B filing requirements and reducing administrative costs.
The legislation tightens employee protection by stipulating that employers may not reduce beneficiary wages, regardless of whether the deduction is in accordance with a voluntary authorisation by the employee.
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Re: H-1B visa reform bill introduced in US House of Representatives |
Patel |
02/01/2017 05:44 PM |
There is no need to panic. Just go back to India and make something out of yourself there.
Why are you worried about bills that the US government passes here. If it effects you then you should do something about it and move back home to your love ones.
End of story.
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