Senators To Add High-tech Visas, Dispute Details
"Sen. Durbin has advocated for meaningful reforms of the H-1B visa program for years, and that hasn't changed in these negotiations," Durbin spokesman Max Gleischman said late Monday. "Any discussion of raising H-1B caps must also include protections for American workers and safeguards to ensure American jobs aren't being shipped overseas."
Scott Corley, executive director of Compete America, which represents high-tech companies including Google, Intel and Microsoft, said companies that are not heavily dependent on the H-1B visas shouldn't be subject to some of the new restrictions Durbin has advocated.
"If you believe these visas are somehow being exploited, who is more likely to exploit them?" Corley said. "There are tons and tons of people who apply for one or two of these visas every year, so you have to step back and say do we want to do this in a judicious way."
___Follow Erica Werner on Twitter: https://twitter.com/ericawerner
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts