What is the EXILE Act? Bill introduced in US Congress to end H1B visas explained

The EXILE Act, recently introduced in the US Congress, seeks to abolish the H-1B visa program by eliminating the existing cap on petitions filed by American companies. If passed, this legislation would prevent firms from submitting new applications for H-1B visas, significantly impacting the hiring of skilled foreign workers, particularly from India, who have historically relied on this pathway to employment in the US tech industry. The H-1B visa has been a critical component of the workforce for many sectors, especially in technology, allowing companies to fill specialized positions that are difficult to staff locally. Critics of the EXILE Act argue that it could exacerbate labor shortages and hinder innovation, while proponents believe it will create more opportunities for American workers. The bill reflects ongoing debates in the US regarding immigration policy and its implications for the economy, especially concerning the balance between domestic job growth and the influx of foreign talent. As discussions around the EXILE Act unfold, its potential ramifications for the Indian workforce and the broader tech landscape are being closely monitored.