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H1B Increase Passed

 
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The omnibus spending bill has passed, and with it an increase of 20,000
to the H-1B cap. The increase is called an exemption, but in effect it
raises the yearly cap from 65,000 to 85,000. There are large numbers of
foreign graduates waiting for a visa so they will be hitting the U.S.
job market very quickly.

------------------------------------

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/1
1-20-2004/0002480108&EDATE=

Statement By President Bush on the Fiscal Year 2005 Omnibus
Appropriations Bill

WASHINGTON, Nov. 20 /PRNewswire/ -- The following is a statement
issued today by President Bush:

I commend the Congress for reaching agreement on the fiscal year
2005 Omnibus Appropriations Bill. This legislation is in keeping with
my goal to further strengthen the economy by cutting the budget deficit
in half over five years. With resources already provided to continue
to fight the war on terror
and to protect the homeland, we have held to the fiscally responsible
limits Congress and I agreed to and still adequately funded our
domestic priorities like education, health care, and veterans'
programs. This accomplishment would not have been possible without the
excellent work of the Leadership and Appropriations Committee chairmen
of both the House and Senate. I look forward to signing a final bill
into law.

SOURCE White House Press Office
Web Site: http://www.whitehouse.gov

------------------------------------

http://www.hindustantimes.com/news/5922_1116045,0015002000000000.htm

20,000 more H-1B visas, cap remains

S. Rajagopalan
Washington, November 21

Here's some good news for H-1B visa seekers. The US Congress has just
cleared a legislative measure throwing up an additional 20,000 of these
coveted work visas.

But there is one important caveat. The new visas will be reserved for
foreign students passing out of American universities with master's or
doctorate degrees.

Also, the annual cap will remain at 65,000. The proposed H-1B visas for
up to 20,000 eligible foreign students will be treated as an exemption
from the cap.

The measure, preceded by months of hectic lobbying by US industry and
staunch opposition by labour groups, could benefit several thousand
Indians who are either waiting in American campuses or back at home.

Many of them had earlier lost out because the competition was so
intense that the slashed annual quota of 65,000 H-1B visas was snapped
up on day one of the new American fiscal year on October 1.

The new measure is a part of the $ 388 billion Omnibus Appropriations
Bill that was passed by Congress late on Saturday night.

The US's technology industry and immigration groups have been seeking a
revision of the H-1B cap ever since it was slashed from 195,000 visas a
year to 65,000 from October 2003.
 
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Still awaiting the presidents approval, or 90 days.

Good news Its a great thing they did it this way. The bill also provides INS with more funding to combat fraud(comes with an increase in fees). Its a good move, I hope they crackdown on the indentured slave traders( bad contracting companies) and those who abuse the system. These guys give H1Bs a bad name.

I couple of friends of mine will definitely benifit.
 
There were millions of the little blood suckers. But thanks to this tiny ad, I wasn't bitten once.
Building a Better World in your Backyard by Paul Wheaton and Shawn Klassen-Koop
https://coderanch.com/wiki/718759/books/Building-World-Backyard-Paul-Wheaton
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