what is h-1b visa ? HIGH-SKILLED INTEGRITY AND FAIRNESS ACT OF 2017

what is h-1b visa ? HIGH-SKILLED INTEGRITY AND FAIRNESS ACT OF 2017

Everything was happened as expected! Trump was the bombshell !! Shocks to the world, offering a series of controversial decisions as President. The most recent one is Visa bomb. Number of companies including Indian IT are going to suffer according to the bill by the US House of Representatives on H1B visa . According to the bill foreign compensation has to be doubled. Americans who do not necessarily have to appoint a replacement if panicestunnavari lower wages.

What's in the H1B visa?

"HIGH-SKILLED INTEGRITY AND FAIRNESS ACT OF 2017" was introduced in the United States. According to the bill ..

1. Re-sets the current dependent wage exemption level of $60,000 which was established in 1998 and has since remained unchanged.

2. The new H-1B dependent employer wage exemption level will be set at 35 percentile points above the median for the most recent national annual wage for Computer and Mathematical Occupations (Group 15-0000) as published in the Department of Labor (DOL) Occupational Employment Statistics (OES).

3. Per the Department of Labor May 2015 Occupational Employment and Wages (the most recent data available), the new annual wage exemption level would be greater than $130,000

4. Dependent employers are those with more than 15% of their workforce in H-1B status.

5. Unless dependent employers compensate their H-1B workers above the required wage level, they must make attestations regarding recruitment and non-displacement of U.S. workers.

6. Non-discretionary bonuses and similar compensation may be applied to wages based on their fair market value at the time of filing. No discretionary compensation may be counted towards wages.

6. Eliminates the Master’s Degree exemption for dependent employers.

Download the complete bill in the following link:

https://lofgren.house.gov/uploadedfiles/high_skilled_bill_sxs_and_analysis_-1-2017__final.pdf

What happen if H1B visa bill pass?

The small companies whose work force is less than 50 employees are removed from visa quota. First priority is for the skilled Americans. In case of fraud, abuseLabor Department, the Homeland Security departments will come into action. The government gave them additional powers. Also there is increase in penalties that will impose on these companies.

The limit imposed on the number of work visas will be vanished with the bill. Therefore, the selection of employees may become more objective. It will depends on talent rather than on the basis of nationality. The bill is designed to allocate 20 per cent visas to the startups . This decision provides an opportunity for small companies to compete.