Though it's said to be a temporary suspension on the premium processing of H-1B, it's expected to have a drastic affect.
The suspension goes into effect on April 3 and may last up to six months, according to the Department of Homeland Security's website. "Since FY18 cap-subject H-1B petitions can not be filed before April 3, 2017, this suspension will apply to all petitions filed for the FY18 H-1B regular cap". Otherwise, the H-1B waiting period could be several months. By temporarily suspending premium processing, the agency said it will be able to process long-pending petitions, which it has now been unable to process due to the high volume of incoming petitions and the significant surge in premium processing requests over the past few years. By temporarily suspending fast processing, USCIS said it would be able to process long-pending petitions.
"While H-1B premium processing is suspended, petitioners will not be able to file Form I-907, Request for Premium Processing Service for a Form I-129, Petition for a Nonimmigrant Worker which requests the H-1B nonimmigrant classification", the news release read.
While the confusion with Trump's clear-cut stand on H1-B visa still looms, the administration has announced a hostile move that will hit businesses all across, especially the Indians who receive approximately 70% of the non-immigrant visas. This bill provides protections for American workers and visa holders. He said during his campaign that he would clamp down on the misuse of H-1B visas.
Nasscom, the trade body representing the Indian IT industry, has already met key officials in the United States to put forward their point of view by seeking to explain how there is a shortage of knowledge professionals and the companies from India are only filling in these shortages.
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Besides, market has been benefiting from contango where prices for later delivery are higher than those for immediate dispatch. According to the latest data available, at the end of January its production was still 130,000 bpd above this quota.
Silicon Valley opposed Trump's travel ban as well, but the unintended consequences of the H-1B visa program has made it enemies on both sides of the aisle. Garnering such large a number of visas has attracted the attention of a few lawmakers in the US.
The expedited premium processing for the visas costs $1,225 and ensures a response from the U.S. Citizenship and Immigration Services in 15 days or the fee will be refunded.
However, if petitioners what to request for expedited processing they could submit a request.
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