Anti-H-1B visa bill in US |
A bipartisan group of two US lawmakers has introduced in the House of Representatives a legislation, which if passed by the Congress would prevent Indian companies from hiring IT professionals on H-1B and L1 work visas.Since the revenue model of majority of big Indian IT companies is heavily dependent on H-1B and L1 visas in the US, such a bill is likely to have a major impact, if not sound a death knell, on their businesses.The ` H-1B and L-1 Visa Reform Act of 2016` would prohibit companies from hiring H-1B employees if they employ more than 50 people and more than 50% of their employees are H-1B and L-1 visa holders. Significantly, the two sponsors of the bill come from the two American states which have the maximum concentration of Indian Americans.
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