Follow update: Most of the immigration attorneys reported decrease in number of H1B Visa petitions they have processed compared to last year, but they all believe cap will be meet much before October 1, 2009. Almost all the employers should have submitted the applications yesterday or they should be sending it in a day or two. Happy Schools Blog, will keep you informed about breaking news and updates from USICS and other immigration related sites. Many will be having sleepless nights till USCIS say total number H1B visa applications received for FY2010. Hopefully they will inform in a day or 2 about the petitions, instead of waiting till next week. Since, TARP companies are not willing to file H1B Visa 2010, small companies can take advantage of this opportunity. Effect of the strict hiring rules passed will be know in couple of days. Certainly so many applicants are waiting to see if there is any update, but USCIS haven’t released any H1B 2010 cap details about petitions received on day 1. Some H1B supporters don’t want to have any restrictions, but due to recession, many want to reduce the H1B 2010 cap, but any such move will take time. New bill have to be introduced approved in congress before it can be signed into law. Till then H1B 2010 quota will be 65,000 + 20,000. Subscribe to HSB News Letter to get instant updates or you can check the News Flash above this article for any breaking news.