Changes could affect companies like Tata Consultancy Services, Cognizant Tech Solutions, and Infosys.
The US tech industry and corporate sector has welcomed the "much-needed" review of the H-1B visa program ordered by President Donald Trump, expressing confidence that it would help them bring in the best and the brightest from across the world.
Two senior officials said Mr Trump will use his "buy American and hire American" order to change government procurement practices to increase the purchase of American products in federal contracts. None responded to requests for comment. "We're going to do everything in our power to make sure more p".
The Reuters news agency examined U.S. Labor Department records and found that more than 15 percent of Facebook's employees in the United States in 2016 used a temporary work visa.
Last week, Kudlow urged impatience investors to give Trump more time to fully enact his strategies to reform healthcare, spark economic growth and redesign the tax system.
As he nears the 100-day benchmark of his presidency, Trump still has no major legislative achievements. The H-1B visas section included no definite timeline.
The document also directed government institutions to review current procurement requirements and step up the effort to limit government purchase to U.S. made goods.
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"We hope the goal of President Trump's executive order on the H-1B program is 'mend it, don't end it, ' said Robert Atkinson, president of the Information Technology and Innovation Foundation, a think tank that is lobbying in favor of the visas, in a statement".
"I've introduced bipartisan legislation with Senator Durbin to address these problems, and I've expressed to President Trump the need to take action to restore the integrity in the H-1B Program". But he said some ideas could make the system ineffective, such as requiring advertisement of job openings for long periods to prove the unavailability of USA workers. Dick Durbin and Iowa Republican Sen. "No one can compete with American workers when they're given a fair and level playing field, which has not happened for decades", Trump said. "They voted to bring back their jobs, and to bring back their dreams into our country", Trump said.
Tech companies have been bracing for Trump to make changes to the H-1B program.
Employers submitted 199,000 applications for the 85,000 H-1B visas available in the 2018 lottery, according to the U.S. Citizenship and Immigration Services. The US government awards 65,000 visas by lottery a year and randomly distributes a further 20,000 to graduate student workers. Tech advocacy group FWD.US said the announcement should improve the visa system for highly-skilled workers.
"We would encourage changes to the H-1B visas program", IBM CFO Martin Schroeter told CNBC in an interview. Instead, they should be given to the most skilled and highest-paid applicants, and they should never, ever be used to replace Americans. Facebook did not respond to requests for comment. The administration said that if the waivers are not benefiting the United States they will be "renegotiated or revoked".
It warned last week that onerous changes to USA visa rules could affect its earnings. As per several USA reports, a majority of the H-1B visas every year is grabbed by Indian IT professionals.
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