US to ease visas for skilled Indian workers as Modi visits

An Indian passenger holds up her passport on the Scotia Prince passenger ferry after its arrival from the Indian port of Tuticorin, in Colombo on June 14, 2011. (AFP/File)
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Updated 22 June 2023
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US to ease visas for skilled Indian workers as Modi visits

  • Indian citizens the most active users of the US H-1B program
  • Made up 73 percent of nearly 442,000 H-1B workers in fiscal year 2022

WASHINGTON: The Biden administration will make it easier for Indians to live and work in the United States, using this week’s state visit by Prime Minister Narendra Modi to help some skilled workers enter or remain in the country, according to three people familiar with the matter.

The State Department could announce as soon as Thursday that a small number of Indians and other foreign workers on H-1B visas will be able to renew those visas in the US, without having to travel abroad, one of the sources said, part of a pilot program that could be expanded in coming years.

Indian citizens are by far the most active users of the US H-1B program and made up 73 percent of the nearly 442,000 H-1B workers in fiscal year 2022.

“We all recognize that mobility of our people is a huge asset to us,” said another US official. “And so our goal is to approach that in a sort of multifaceted way. The State Department already has been working very hard to find creative ways to make changes to things.”

A State Department spokesperson declined to comment on questions about which visa types would qualify or the timing of the pilot launch. Plans for a pilot program were first reported by Bloomberg Law in February.

“The pilot would begin with a small number of cases with the intention to scale the initiative over the following one to two years,” the spokesperson said, while declining to define small.

The steps could change and are not finalized until they are announced. The White House declined to comment.

Each year, the US government makes 65,000 H-1B visas available to companies seeking skilled foreign workers, along with an additional 20,000 visas for workers with advanced degrees. The visas last for three years and can be renewed for another three years.

The companies using the most H-1B workers in recent years include the Indian-based Infosys and Tata Consultancy Services as well as Amazon, Alphabet and Meta in the US, according to US government data.

The ability for some of the temporary foreign workers to renew visas in the US would free up resources for visa interviews in consulates abroad, the spokesperson said.

The pilot program would also include some workers with L-1 visas, which are available to people transferring within a company to a position in the US, one of the sources said.

A separate initiative to clear a backlog of visa applications at US embassies in India is finally showing signs of progress, according to another one of those sources, and is expected to be figure into the discussions between the two countries’ delegations in Washington this week.

India has long had concerns with the difficulty its citizens face in receiving visas to live in the United States, including technology industry workers. More than 10 million jobs stood open in the United States at the end of April, according to the Labor Department.

Some H-1B visa holders in the US have been among the thousands of tech workers laid off this year, sending them scrambling to find new employers within a 60-day “grace period” or return to their home country.

The Biden administration has spent months working to improve visa access for Indians, trying to get around the lack of political will in Congress to comprehensively reform US immigration policy. President Joe Biden wants to knit together the world’s two largest democracies, partly in a bid to better compete with China.

US visa services are still attempting to clear a backlog after Washington halted almost all visa processing worldwide in March 2020 due to the COVID-19 pandemic. The visa backlog has led to some families being separated for extended periods of time, with some taking to social media to lament their situation.


Trump calls for one year cap on credit card interest rates at 10 percent

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Trump calls for one year cap on credit card interest rates at 10 percent

  • Trump says Americans have been ‘ripped off’ by credit card companies
  • Lawmakers from both parties have raised concerns about rates

WASHINGTON: US President Donald Trump said on Friday he was ​calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Trump also made the pledge during the campaign for the 2024 election that he won but analysts dismissed it at the time saying that such a step required congressional approval.
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate ‌and the House ‌of Representatives.
There have been some legislative efforts in Congress ‌to pursue ⁠such ​a proposal ‌but they are yet to become law and in his post Trump did not offer explicit support to any specific bill.
Opposition lawmakers have criticized Trump, a Republican, for not having delivered on his campaign pledge.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10 percent,” Trump wrote on Truth Social, without providing more details.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added.
The ⁠White House did not immediately respond to a request for comment on details of the call from Trump, but said on ‌social media without elaborating that the president was capping the rates.
Some ‍major US banks and credit card issuers ‍like American Express, Capital One Financial Corp, JPMorgan , Citigroup and Bank of America did not immediately respond ‍to a request for comment.
US Senator Bernie Sanders, a fierce Trump critic, and Senator Josh Hawley, who belongs to Trump’s Republican Party, have previously introduced bipartisan legislation aimed at capping credit card interest rates at 10 percent for five years. This bill explicitly directs credit card companies to limit rates ​as part of broader consumer relief legislation.
Democratic US Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card ⁠interest rates at 10 percent, reflecting cross-aisle interest in addressing high rates.
Billionaire fund manager Bill Ackman, who endorsed Trump in the last elections, said the US president’s call was a “mistake.”
“This is a mistake,” Ackman wrote on X.
“Without being able to charge rates adequate enough to cover losses and earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid.”
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
The Trump administration had asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged the rule was ‌illegal. A federal judge subsequently threw out the rule.