LayoffBlog.com

February 5, 2009

Senate bill would bar H-1B hiring at firms receiving bailout money

According to ComputerWorld: “Financial services firms that receive federal bailout money will be prohibited from hiring H-1B workers if legislation introduced last night in the U.S. Senate wins adoption. The bill would bar any recipient of the Troubled Assets Relief Program (TARP), the program being used by the government to purchase some $700 billion of bad mortgage assets, from hiring anyone on an H-1B visa.”

~ News submitted by Kirk R.

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