Yesterday, I posted an article about the new H-1B visa bill to enforce strict hiring rules by banks and companies receiving bailout money from the U.S. government.
I read that a few more changes were made to the final version of the bill.
I’m still trying to find more information about the new changes that were added. As soon as I get the updated information, it will be posted here.
More Changes to New H1B Bill
So keep on checking the blog for any latest updates about the new H-1B Visa Bill. I know many of you are planning to apply for H-1B visa this year – 2009 – in April and with new H-1B visa strict rules, all the banks that are getting bailout money will not be able to:
- Hire H-1B visa holders or
- File H-1B visa for current students working with OPT
- Will not able to apply for H-1B visa extension for current workers for the next 2 years.
An H-1B visa is granted for 3 years and after 3 years, you can get an extension for another 3 years. However, there might be some changes to this so we have to wait when the new version of the law is released.
The top 12 banks that are receiving bailout money have applied for more than 21,000 H-1B visas during the last 6 years.