Latest Unfunded Mandates Reform Act News & Updates

New US Rule on H-1B Visas Expected to Bring Economic Gains

By

Washington, Jan 22 (IANS) A new US rule, which changes how H-1B work visas are chosen, could bring strong economic gains over the next 10 years, according to a government watchdog, but may be taking effect faster than the law allows.The Government Accountability Office (GAO) said the Department of Homeland Security’s new H-1B selection rule is expected to deliver economic benefits of more than $20 billion between 2026 and 2035. The rule is estimated to cost about $303 million to implement over…