News Update - February 21, 2009
By Alan Lee, Esq.†‡
Institutions Taking TARP Funding Link
As readers know from our news blurb last week, there are new restrictions
for H-1B sponsorship for all organizations that have taken TARP
(Troubled Asset Relief Program) funds. The restrictions on new hires
include the employer taking good-faith efforts to recruit U.S. workers
for the position for which the H-1B worker is sought at the wage
which is required under law to be offered to the H-1B worker, attesting
that it has offered the job to any U.S. worker equally or better
qualified for the position, and that it has not laid off and will
not lay off U.S. workers in a job essentially equivalent to the
H-1B position in the area of intended employment within the 90 day
period before and after filing the H-1B petition.
We are now providing a link in the above box which lists organizations
which have either received or been approved for TARP funding. Please
note that we do not vouch for the accuracy of the linked information,
but provide such as a convenience to our readers.
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