H-1B Visa Status Alerts
FY2010 H-1B Cap Filing Deadline and Affect of Economic Stimulus Package on
New H-1B Workers for Certain Employers
Deadline Approaching for FY2010 H-1B Filings
As a reminder, on April 1, 2009, Citizenship and Immigration Services (CIS, formerly INS) will begin accepting H-1B temporary worker petitions for the 2010 Fiscal Year. If approved, H-1B status would become effective October 1, 2009.
On the first date of eligible filing for the past two years, CIS has received more than twice the annual number of applications made available for H-1B workers and implemented a lottery system to randomly select cases for processing. A similar result is anticipated this year.
Economic Stimulus Package Imposes Additional Obligations on Certain Employers Hiring New H-1B Workers
On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act, known as the stimulus bill, into law, which includes language that places additional obligations on H-1B employers receiving funding under the Troubled Asset Relief Program (TARP) or under Section 13 of the Federal Reserve Act (authorizing the Federal Reserve's "Discount Window" for short-term, secured loans to financial institutions and other companies).
Effective immediately, the stimulus bill makes it unlawful for recipients of such funding to hire a new H-1B worker unless the company complies with certain conditions previously imposed exclusively on "H-1B dependent employers."
Read the entire article on the H-1B deadline and stimulus package. | 