This is exciting news although I’m not sure for how long. From WSJ’s Real Time Economics:
For fiscal year 2010, which begins Oct. 1, 2009, USCIS can issue up to 20,000 H-1B visas to applicants with a master’s degree or higher and up to 65,000 additions visas to those with bachelor’s degrees or similar training. The agency began accepting applications on April 1.
It wouldn’t come as a surprise for these slots to be filled easily and they would very well be. A spokesman for Compete America, a network of companies and organizations that promotes recruiting talent to maintain a competitive workforce, said most of them could be given to those already in American companies’ payrolls, not workers from abroad.
From the USCIS website (for those already holding H1B):
Therefore, USCIS will continue to process petitions filed to:
- Extend the amount of time a current H-1B worker may remain in the United States.
- Change the terms of employment for current H-1B workers.
- Allow current H-1B workers to change employers.
- Allow current H-1B workers to work concurrently in a second H-1B position.