clipped from: www.businessweek.com   

It’s another attempt at requiring companies to “Buy American” – but in this case, not American iron or steel, but American workers.


The U.S. Senate voted on Feb. 6 to put stricter limits on banks and other recipients of taxpayer money through the Troubled Assets Relief Program, or TARP, that want to hire high-skilled workers from overseas under the H-1B visa program. The Senate approved the measure – introduced by Senators Charles Grassley (R-Iowa) and Bernie Sanders (Independent-Vermont) – by voice vote as an amendment the economic stimulus package President Barack Obama is urging the Senate to pass.