US President Donald Trump backs H-1B reforms bill: US lawmaker
The US president Donald Trump has supported a bill that proposes a massive hike in the minimum salary for those employed on H-1B visas, an influential American lawmaker has said while alleging that Indian companies have "gamed" the "flawed" US immigration system.
President Donald Trump supports a bill that proposes a massive hike in the minimum salary for those employed on H-1B visas, an influential American lawmaker has said while alleging that Indian companies have "gamed" the "flawed" US immigration system.
Congressman Darrell Issa, who recently introduced the legislation, insisted that his move would bring the best talents to the US and help fix the flaws in the existing H-1B system.
ALSO READ: Junior-level IT jobs in India are disappearing at a fast clip
"The president supports (the bill). I think we will have strong support in the Senate," he told a Washington audience at an event hosted by Atlantic Council at the Capitol Visitor Center.
He alleged that Indian companies have "gamed the system" and made the "best use of this flawed immigration system".
"You can't have 75% of a programme going to an Indian-owner, Indian operated, Indian employee visas and not say that this is distortion," Issa said, adding it's common sense to hire the best and not the other way around.
ALSO READ: Tougher US regulations make Infosys not to apply for H-1B visas for junior-level employees; stock down nearly 2% in early trade
"It would be interesting that India would be concerned that a relatively simple change (in H-1B visas) that does not target India, somehow happens to be accommodation for India," he said.
"Today 75% of all H-1Bs are coming in about $60-65,000, which is pretty absurd considering these are high-skilled visas... If they were told to write $100,000 and you will get your H-1B, they will write that cheque," he said.
The lawmaker from California called for fixing the system and removing the country-based caps. He also said increasing the salary would raise the quality of people coming to the US.
"An auction system is not a bad way to go," he said.
"A graduate with a science, technology, engineering and mathematics (STEM) degree from a US university is not going to take a job with $60,000 salary. And that's the reality," said the Congressman.
The H-1B visa is a non-immigrant visa that allows American firms to employ foreign workers in occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year.
ALSO READ: US will start accepting H-1B visa applications from April 3
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
02:48 PM IST