The Trump administration is reportedly planning to increase the H-1B visa application fee by $100,000. This impacts tech companies like Amazon, Google, and Microsoft who utilize the program to hire skilled foreign workers. The current fee ranges from $1,700 to $4,500. The increase aims to address concerns about companies hiring foreign workers at lower salaries than American workers. A presidential proclamation could be signed as early as Friday implementing the fee increase. The administration also plans to update wage levels for the program.

Prepared by Lauren Mitchell and reviewed by editorial team.