Part 5/11:
Application Fees: Any company seeking to employ H1B workers must now pay an additional $100,000 per application, effectively raising the cost of hiring foreign labor significantly.
Current H1B Holders: It’s generally understood that this fee does not apply to existing H1B workers already in the U.S., but it is expected that companies will urge current visa holders abroad to return quickly due to impending restrictions.
Implementation Timeline: The policy is set to go into effect from September 21, creating a sense of urgency among companies and visa applicants.
Implications for Tech Giants and International Relations
The financial implications for major corporations are massive. For example: