In what could be seen as a setback to Indian IT professionals,the US Senate has voted for imposing strict conditions on hiring of people with H-1B visas by American companies receiving federal bailout money.
The amendment to the pending stimulus bill restricting the hiring of foreign workers,passed by the Senate through a voice vote yesterday,was a watered-down version of what was introduced earlier.
The original amendment had called for a blanket ban on H-1B hiring by companies that would have received money under the Troubled Assets Relief Programme (TRAP).
The amendment approved by the Senate was co-sponsored by Republican Senator from Iowa,Chuck Grassley,and independent Senator from Vermont,Bernie sanders.
The modified amendment requires that a company receiving TARP funds and applying for workers under the H-1B process must operate as an H-1B dependent company.