The report will summarise the results of the reviews and recommend corrective actions that may be taken by the agency in certain cases. The reports will also assess the impacts on US workers, the US economy, national security, and the efficiency of federal procurement.
The executive order also requires the secretaries of Labor and Homeland Security to “take action” within 45 days to protect US workers from any adverse effects on wages and working conditions caused by the employment of H-1B visa
holders at job sites (including third-party job sites), Nasscom's statement said.
said this action underscores and sets a timeline for the agencies to finalise and publish some of the regulatory measures that have been discussed by the Trump Administration and mentioned again in the June Proclamation— which banned the issue of non-immigrant visas till the end of the calendar year 2020.
"The order particularly comes at a time when there is a huge shortage of STEM skills in the US, that workers on short-term non-immigrant visas like H-1B and L-1 help bridge," the body's statement said. The unemployment rate for IT occupations (those most common amongst H-1B visa
holders) declined from 3 per cent in January to 2.5 per cent in May-2020, while the unemployment rate for all other occupations grew from 4.1 per cent to 13.5 per cent in the same period.
The executive order will have a limited impact on Indian IT players given lean exposure to US federal business, according to brokerage house BOBCAPS. "However, this is symbolic in the run up to US presidential elections. Over the medium-to-long term, we stay optimistic about the sector’s resilience in managing onsite workforce supply backed by localisation effort," said Ruchi Burde, assistant vice president (Research) at the brokerage house.