U.S. Citizenship and Immigration Services (USCIS) announced on Friday that it had received a sufficient number of H-1B petitions to reach the statutory cap for fiscal year (FY) 2014. Additionally, USCIS announced it had received more than 20,000 H-1B petitions filed on behalf of foreign nationals who would be exempt from the cap under the advanced degree exemption. As such, USCIS will not accept H-1B petitions subject to the FY 2014 cap or the advanced degree exemption.
This is good news in that the economy appears to be growing again and bad news for businesses as once again the government has limited the talent pool for companies to grow in the manner in which they choose. There are other methods of employing foreign nationals. It is critical that employers reach out to experienced immigration counsel to fully dicuss the options available for their business.