Wall Street banks and tech companies big and small were scrambling on Saturday to figure out how their tens of thousands of employees would be affected by President Trump’s proclamation imposing a $100,000 fee for visas granted to skilled foreign workers.
The change set off immediate confusion over the exact rules and how they would be enforced. Shortly after Mr. Trump signed the proclamation on Friday, employees at Microsoft, Amazon and JPMorgan received notices advising those with H-1B visas who were outside the United States to return before the new rules take effect at 12:01 a.m. Eastern time on Sunday.
The Trump administration sought to address the confusion on Saturday by saying that the fee would only apply to new applicants, and renewals or current visa holders would not be affected. In a post on social media, the White House said the change would “not impact the ability of any current visa holder to travel to/from the U.S.”
Still, many executives, general counsels and human resources departments, as well as their immigration lawyers, said they were coming down on the side of caution this weekend. Several companies and attorneys had already urged workers to return to the United States as soon as possible. Many kept their eyes glued on the White House social media accounts for any pertinent clarification.
“We acknowledge that this is an uncertain time for our people on H-1B visas and your families,” Jacqueline Arthur, head of human capital management at Goldman Sachs, wrote in a memo on Saturday to employees. The memo said that Goldman was working with its lawyers “to review the specifics of the order as more detail becomes available to communicate with you accordingly.”
Bernhard Mueller, co-chair of the immigration practice group at Ogletree Deakins, said he had been flooded with calls from executives and corporate board members about the new rules and how to communicate with employees about them. “There’s a lot of question marks all over this,” he said early Saturday. “We are still flying in somewhat foggy conditions.”
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