New H1B Rules

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spy007

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http://www.cilawgroup.com/news/2009/02/24/stimulus-bill-tarp-companies-and-h-1bs-summary/

missingnepal

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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

Everest2

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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

target2green

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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.

godisgreat

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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

target2green

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

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