Overview
- The new H‑1B charge must be paid by employers each year and could apply for up to six years.
- Universities and technology companies that depend on H‑1B talent face steep cost increases, with limited public pushback so far from some major tech firms.
- The order creates a $1 million individual Gold card and a $2 million corporate‑sponsored version, and a $5 million Platinum option is being considered that would allow up to 270 days in the U.S. without tax on foreign income.
- Legal experts expect court challenges, arguing that only Congress can create visa categories or set their fees.
- Commerce Secretary Howard Lutnick projects up to $100 billion in revenue, while roughly 500,000 people work in the U.S. on H‑1B visas, many from India, and several implementation details remain unspecified.