News Roundup for Week of August 12th

A new DHS rule on legal immigration, recession fears, and a change in the U.S./China trade war made the news this week. Keep reading to learn more!

1. Trump Administration issues new rule aimed at limiting legal immigration

This week, the Department of Homeland Security (DHS) and U.S. Citizenship and Immigration Services (USCIS) announced a rule change aimed at limited legal immigration.

Under the new rule, immigrants who are deemed to be a “public charge” or fail to meet an income standard can have their application denied. For those who already have a valid visa, they can be deemed ineligible to have their current visa extended or status changed.

In short, the new rule will give the U.S. government greater ability to deny applications, effectively limiting legal immigration.

Multiple lawsuits have already been filed against DHS to stop the rule from going into effect, including one by a coalition of 13 states.

Read the official announcement at USCIS.

Learn more at the LA Times, Law360 (here and here), CNN, ABC News, HuffingtonPost, and Reuters (here and here).

2. September 2019 Visa Bulletin published

The Department of State released the Visa Bulletin for September 2019. The Visa Bulletin details which and how many visas are available for the month of September.

You can find the Visa Bulletin at the Department of State’s website.

3. Recession fears spike after inverted yield curve

On Wednesday, the yield curve for the U.S. Treasury Department inverted for the first time in 12 years years.

The yield curve shows the interest rate for U.S. bonds, which are typically taken out for periods of 3 months, 2 years, and 10 years.

In normal circumstances, the yield curve should show the interest rate for a 10-year bond has higher than that for 3-month and 2-year bonds.

This week, however, the curve inverted, meaning that for a short period of time on Wednesday, 3-month and 2-year bonds had a higher interest rate than 10-year bonds.

According to Reuters, “The U.S. curve has inverted before every recession in the past 50 years, offering a false signal just once in that time.”

In response to the inverted yield curve, the stock market took a massive tumble, with every major U.S. market falling around 3%.

Read more at PBS and Reuters (here and here).

4. Trump Administration announces delay in scheduled tariffs

On Tuesday, the Trump Administration announced it would delay a 10% increase in tariffs on Chinese goods that was scheduled for September 15th.

President Trump gave the Christmas shopping season as part of the reason for the delay.

Even with this delay, however, the trade war between U.S. and China does not show any signs of ending soon, as Commerce Secretary Wilbur Ross noted that there was no “quid pro quo” for the U.S.’s decision.

Read more at Law360, Yahoo!, and Reuters.

5. Changes to H-1B visa process clear OMB hurdle

Proposed changes to the H-1B visa process cleared the Office of Management and Budget (OMB) this week.

Specifically, the new changes would require employers to first register and pay a fee online before submitting the application for their employee seeking an H-1B visa.

Clearing the OMB hurdle brings USCIS and DHS one step closer to implementing their rule changes to the H-1B Program announced early this year.

Learn more at Law360.

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Disclaimer: Nothing in relation to the enclosed information should be construed and or considered as legal advice for any individual, entity, case, or situation. The following information is prepared for advertisement use only. The information is intended ONLY to be general and should not be relied upon for any specific situation. For legal advice on your specific situation, we encourage you to consult an attorney experienced in the area of Immigration Law.