This is historical material, "frozen in time."
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This is historical material, "frozen in time."
The web site is no longer updated and links to external web sites and some internal pages will not work.
This is historical material, "frozen in time."
The web site is no longer updated and links to external web sites and some internal pages will not work.
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OMB COST ESTIMATE
FOR PAY-AS-YOU-GO CALCULATIONS
LAW NUMBER: P.L.106-311 (H.R. 5362)
BILL TITLE: Increase in H-1B Visa Petition
Fees
BILL PURPOSE: Raises from $500 to $1,000 the fee
paid by U.S. employers for filing
petitions on behalf of an H-1B visa applicant for: (1) an initial visa; (2) a renewal of a
visa; and (3) authorization to change employers.
OMB ESTIMATE: P.L. 106-311 extends
for two years, through FY 2003, the fee
employers must pay to sponsor an alien for an H-1B visa. It also increases the amount of
the fee. OMB estimates that fee income will increase by $486 million over the three year
period 2001 through 2003. This fee income is available to be spent without further action.
Because the spending lags the collection of fees, there are net savings in 2001 through
2003 and net costs in later years.
(Fiscal years; in millions of
dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
-74
-127
-68
159
82
CBO ESTIMATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Net costs...............
0
-64
-151
-81
165
96
EXPLANATION OF DIFFERENCES BETWEEN OMB AND CBO ESTIMATES:
There are minor differences between OMB and CBO estimates of increased fee income
and the rate at which program spending will occur.
CUMULATIVE EFFECT OF DIRECT SPENDING AND REVENUE LEGISLATION
ENACTED TO DATE:
(Fiscal years; in millions of dollars)
2000
2001
2002
2003
2004
2005
Outlay effect..............
34
466
1,205
1,289
1,623
1,613
Receipt effect............
-8
-620
-698
-746
-781
-768
Net costs....................
42
1,086
1,903
2,035
2,404
2,381
NOTE: The cumulative effect of direct
spending and revenue legislation enacted to date is
currently estimated to result in an end-of-session sequester. The Administration looks forward to
working with the Congress to ensure that an unintended sequester does not occur.
