JPMorgan issued a similar advisory to its staff. It asked H-1B employees abroad to re-enter the US before the September 21 deadline.Commerce Secretary Howard Lutnick defended the new rules. He said earlier visa policies allowed low-wage workers who relied on government aid. He argued that the new policy would remove the “bottom quartile” while adding over $100 billion to the US Treasury.

President Trump stated that the revenue would cut national debt and reduce taxes. However, the fee has created concern in India, as about 71% of H-1B visa holders are Indian.Indian IT companies like Infosys, Wipro, Cognizant, and TCS rely heavily on H-1B visas. Industry leaders fear higher costs and reduced talent mobility in the tech sector.

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