Dear Spy I do understand the new restrictions but my question is that suppose some one will get sponsorship by Indian Consultancy and get H1, than can he/she work with the TARP fund receiving companies as consultants as he/she will have h1 from Indian Consultancy and they do not need to sponsor any H1. Thanks

missingnepal · Mar 20, 2009 8:43 AM

Directly or indirectly can't be allowed to work in TARP fund receiving companies for aforementioned period (either corp to corp, 1099 or W-2) for 2 years, once the enjoyed the bailout money. Thanks   Last edited: 20-Mar-09 08:53 AM

Everest2 · Mar 20, 2009 8:50 AM

I think Everst2 is right except: Are There Exemptions? Generally, employers who are H-1B dependent can claim one of two exemptions - having salary higher than $60,000 or having a master’s degree - and avoid having to provide the additional attestations.  However, these two exemptions have been made explicitly unavailable to TARP companies.

target2green · Mar 20, 2009 9:40 AM

Dear Target Green So if  someone have master degree and salary above 60k per year than the H1-B restriction will not apply on them. Is that what you mean to say. Thanks

godisgreat · Mar 20, 2009 12:02 PM

nope, H1B dependent employer who takes stimulus plan (lets say Oracle/Microsoft/etc) can hire H1B with one of two exemptions.  

target2green · Mar 20, 2009 12:50 PM