Trump signs proclamation restricting H-1B entry, requires $100,000 payment for new petition

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US President Donald Trump, in his latest efforts to crack down on immigration, signed a proclamation imposing a $100,000 (over Rs 88 lakh) fee on H-1B visa applicants. WATCH.&nbsp;

Transcript

00:00Thank you, Mr. President. One of the most abused visa systems in our current immigration system

00:05has been the H-1B non-immigrant visa program. This is supposed to allow highly skilled laborers

00:11who work in fields that Americans don't work in to come into the United States of America.

00:17What this proclamation will do is raise the fee that companies pay to sponsor H-1B applicants

00:24to $100,000. This will ensure that the people they're bringing in are actually very highly skilled

00:31and that they're not replaceable by American workers. So it'll protect American workers,

00:35but ensure that companies have a pathway to hire truly extraordinary people and bring them to the

00:40United States to work. We need workers. We need workers. We need great workers. And this pretty

00:45much ensures that that's what's going to happen. I think, Sean, you agree with that? Well, they're

00:49$100,000 per year. So the whole idea is no more will these big tech companies or other

00:57big companies train foreign workers. They have to pay the government $100,000, then they have

01:03to pay the employee. So it's just non-economic. If you're going to train somebody, you're going

01:10to train one of the recent graduates from one of the great universities across our land, train

01:15Americans, stop bringing in people to take our jobs. That's the policy here. $100,000 a year

01:22for H-1B visas. And all of the big companies are on board. We've spoken to them about the gold card.

01:29They love it. They love it. They really love it. They need it.

01:32We have two items for your attention today, sir. A major focus of your administration has been

01:38shifting the conversation and shifting the policy dynamics around the issue of immigration,

01:42closing the border, preventing illegal immigration, but also, as is the case with the executive order

01:47in front of you, opening new pathways for truly extraordinary people to come contribute to America

01:53instead of taking away from it. So this executive order is entitled the gold card. It will set up a

01:59new pathway, a new visa pathway for foreigners of extraordinary ability who are committed to

02:05supporting the United States for a payment of $1 million to the U.S. Treasury or if a corporation

02:11is sponsoring them, $2 million by that corporation. And that will give them access to expedited visa

02:17treatment as part of this new gold card program.

02:20And one of the biggest problems we have is that people, they go to the best schools and they do

02:25great and they get great marks and then they're thrown out of the country. You're not allowed to

02:28stay. This way, a corporation will be able, sort of like a signing bonus in baseball or football,

02:34a corporation will be able to get them to stay in the country. And I think it's going to be

02:39tremendously successful.

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