It argued that this would prove to be counterproductive as it prevents the US companies to hire the best available global talent. The H1-B has mostly benefited Indian techies. The measure forms part of the American Recovery and Reinvestment Act, popularly known as the stimulus bill. The Act finally passed by the Congress - both the House of Representative and the Senate - makes a provision of USD 787 billion for reviving the battered US economy.
As the banks have announced mass layoffs, the measure would effectively place a moratorium on the H-1B visa programme, Senator Bernie Sanders said in a statement. The Independent Senator from Vermont, along with the Republican Senator from Iowa, Charles Grassley, moved such a proposal in the Senate as an amendment to the stimulus bill. The measure, as finally approved by the Congress, would require the bailed-out banks to hire only Americans for two years unless they could prove they were not replacing laid-off Americans with guest workers.
Source - //in.news.yahoo.com/20/20090214/1425/tbs-bailed-out-us-firms-cannot-replace-l.html
No comments:
Post a Comment