Wednesday, February 11, 2009

TARP against H1B.

It has been reported that Congress is working on an amendment to the stimulus bill that would prevent TARP recipients from filing H1B petitions (or make it much harder, in the current form). H1B term extensions may be affected as well.

Considering how many companies received TARP money already, and how many more are likely to receive government aid in the future, this may significantly cut into the number of H1B workers.

Hopefully this amendment won't get included. It would severely impact competitiveness of American companies at the time when they desperately need to improve it. It surely isn't going to result in higher employment among American workers, and it will delay any economic recovery.

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