The US Citizenship and Immigration Services (USCIS) will open the floodgates for new H-1B visa petitions today, 1st April 2009.
The USCIS announced additional requirements for employers, who receive funds through the Troubled Asset Relief Programme (TARP) or under section 13 of the Federal Reserve Act (covered funding), before they may hire a foreign national to work in the H-1B specialty occupation category.
The new ‘Employ American Workers Act’ (EAWA), which was signed into law by President Obama as part of the American Recovery and Reinvestment Act on 17th February, has been designed so that companies receiving covered funding do not displace US workers.
Under the EAWA legislation any company that has received (covered) funding from the government and seeks to hire new H-1B workers is considered an ‘H-1B dependent employer’. Such employers must make additional guarantees to the US Department of Labour (DOL) when filing a Labour Condition Application.
For more information, visit the USCIS website www.uscis.gov or sign up for our immigration newsletter on www.eb5investmentvisas.com
Do you have an expiring H-1B visa? Please contact us about the EB-5 as an alternative pathway to continue living and working in the US.
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