Employment Law Updates | New Statutes, Regulations, and Rules
September 2, 2009
Employ American Workers Act Targets TARP Companies By Providing New Requirements in their Hiring of Foreigners
Employ American Workers Act
Pub. L. 111-5, Div. A, Title XVI, § 1611, 2/17/2009
On Feb. 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act (“stimulus bill”), Public Law 111-5. The stimulus bill contained the Employ American Workers Act (“EAWA”), Pub. L. 111-5, Div. A, Title XVI, § 1611.
EAWA prevents a company from displacing U.S. workers when hiring H-1B specialty occupation workers if the company received funds through the Troubled Asset Relief Program (“TARP”), Pub. L. 110-343, Div. A, Title I, or under section 13 of the Federal Reserve Act (collectively referred to in this document as “covered funding”).
Under EAWA, any company that has received covered funding and seeks…
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