Summary
President Donald Trump has signed a new rule requiring companies to pay a $100,000 fee to apply for H-1B visas, which allow U.S. companies to employ foreign workers in specialty jobs. The proclamation also introduces a separate "gold card" visa for individuals who can pay $1 million to fast-track their immigration process. The changes aim to ensure companies only bring in highly skilled workers.
Key Facts
- The new rule requires a $100,000 application fee for companies to sponsor H-1B visas.
- A "gold card" visa option allows individuals to pay $1 million for expedited immigration.
- H-1B visas are for workers with specialties, typically requiring a bachelor's degree or higher.
- The Trump administration aims to ensure companies hire workers with rare skills.
- The H-1B program has been under scrutiny as part of broader immigration crackdowns.
- Changes could impact the technology sector the most, as it heavily uses H-1B visas.
- Amazon received the most H-1B visas this year, followed by tech companies like Tata Consultancy and Google.
- India is the largest source of H-1B visa recipients, making up 71% of approvals last year.
