New government data show the low unemployment rate in computer occupations contradicts Trump administration claims an economic emergency requires the quick implementation of new H-1B visa rules. A new analysis indicates the government’s own data do not support the claims made in the regulations, which makes it more likely federal courts will block the new rules.
On October 8, 2020, the Department of Labor (DOL) and the Department of Homeland Security (DHS) published “interim final” rules to restrict H-1B visas, asserting a “good cause” exception to the Administrative Procedure Act (APA) to allow the H-1B rules to go into effect quickly without permitting the public to comment. DOL and DHS cited
The rules tighten eligibility around foreign workers, so employers must meet more stringent criteria around the jobs they’re hiring for and how much they’re paying. That may make it harder for companies to receive H-1B visas as part of the annual lottery that awards 60,000 slots to foreign workers, not including renewals. The new rules follow a June order from President Donald Trump suspending a range of guest worker visa programs through the end of the year, with the White House citing domestic job losses during the COVID-19 pandemic as the motivator.
The tech and IT industries that rely on foreign talent now face more hiring restrictions
The Trump administration says the goal is to ensure companies
Trump administration on Tuesday announced the interim final rule that restricts H-1B visas to protect American workers.
The new rules include tightening the currently regulations proposed by Department of Homeland Security and new wage rules for the skilled immigration visa, proposed by the Department of labor. While the former will come into to effect 60 days after publishing in the Federal Register, the latter will come into effect on Thursday right after publishing.
These regulations are also expected to impact a third of H-1B petitions. Immigration experts pointed out that these changes are expected to be challenged in the court.
The new rule will do three things.
1. It will narrow the definition of specialty occupation.
2. Additional documentation required by companies to prove that they need the H-1B workers to
Venmo, the popular mobile payment network owned by PayPal Holdings Inc., on Monday unveiled a digital-focused credit card, entering the fray of financial-services providers looking to leverage smartphones.
The Visa credit card, issued by Synchrony Financial, will be managed through Venmo’s smartphone app, but accompanied by a physical card printed with a QR code. The primary methods of making purchases will be via a credit-card number for online shopping or the physical card in stores, Venmo said Monday.
One of the card’s key differentiators is its rewards structure, which gives users 3% cash back for their top spending category each billing cycle, 2% for the next highest and 1% for all other purchases, said Venmo Senior Vice President Darrell Esch and Dennis Bauer, who leads the Venmo and PayPal partnership at Synchrony. The eight categories include bills and utilities, travel, groceries and dining and nightlife.