Ban on H-1B visas to hit innovation, foreign investment: US corporate sector

The temporary suspension of H-1B visas by the Trump Administration will hit innovation, push investment and economic activity abroad, slow growth, and reduce job creation, the American corporate sector said on Monday.

“Restrictive changes to our nation’s immigration system will push investment and economic activity abroad, slow growth, and reduce job creation,” said Thomas Donohue, CEO of US Chambers of Commerce soon after President Donald Trump issued a proclamation to suspend issuing of H-1B and other foreign work visas till the end of the current year.

“Today’s proclamation is a severe and sweeping attempt to restrict legal immigration. Putting up a ‘not welcome’ sign for engineers, executives, IT experts, doctors, nurses and other workers won’t help our country, it will hold us back,” he said.