H-1B visa bill tabled in US House of Representatives: Indian IT firms to suffer

The move will adversely hit the operations of Indian tech giants, including Infosys, Tata Consultancy Services, Wipro and professionals in the US.

H-1B visa bill tabled in US House of Representatives: Indian IT firms to suffer

A legislation has been introduced in the US House of Representatives mandating that the minimum salary of H-1B visa holders be doubled to $130,000 making it difficult for Indian IT firms to use the programme to replace American employees with Indian workers.

The move will adversely hit the operations of Indian tech giants, including Infosys, Tata Consultancy Services, Wipro and professionals in the US.


As the news of introduction of the new legislation broke out the BSE IT index slumped over 4%.

The legislation "offers a market-based solution that gives priority to those companies willing to pay the most," said Congresswoman Zoe Lofgren, who introduced it.

"This ensures American employers have access to the talent they need, while removing incentives for companies to undercut American wages and outsource jobs," she said.

The draft of the order was leaked and published by some news websites yesterday.As per the leaked draft order, Trump would reverse former president Barack Obama's extension of the duration of the optional practical training work visas, which allowed foreign students to stay in the US a bit longer after completion of their studies.

The draft order seeks the administration to "consider ways to make the process of allocating visas more efficient and ensure that beneficiaries of the programmes are the best and the brightest."