Stimulus package makes it harder to hire H-1B workers

The $787 billion economic stimulus bill signed into law Tuesday by President Obama will make it more complicated for financial services companies and banks that received federal bailout money to hire foreign workers on H-1B visas. The stimulus package contains provisions that for two years deem all companies that received federal funding from the Troubled Asset Recovery Program that was signed into law last year as "H-1B dependent." Till now, "H-1B dependent" has been a category of employers for which H-1B visa holders represent 15 percent of more of their workforce.

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