House of Representatives may have more balanced bill: Nasscom
New Delhi, Jun 28 (PTI) IT industry body Nasscom today expressed the hope that a "more balanced bill" on US immigration reforms will come in the House of Representatives.
Yesterday, the US Senate passed Border Security, Economic Opportunity and Immigration Modernisation Act (S.744), which retains the killer provisions on H-1B Visas that would badly hit Indian companies operating in the US and the over USD 100 billion Indian IT services sector.
"While it is unfortunate that the negative provisions continued to be there, but it''s not a surprise. We are working on the House side where the bill language is a less harmful to global companies and the US customers and are confident that we will have a more balanced bill in the House," Nasscom said in a statement.
"The passage of S.744 is a significant step for the Senate as they moved to advance much-needed reforms to America''s immigration policies. The passage was expected and unfortunately the Senate bill has provisions that arbitrarily single out a group of multinational information technology companies," it added.
Stating that proposals in the bill amount to punitive treatment of IT and ITeS industry, Nasscom added that it fails to recognise the vital services that global IT services companies deliver.
It also does not recognise innovation and competitiveness Indian firms have spurred in thousands of US businesses and the investments these global IT services companies make in the US, it added.
"In effect, the Senate bill would dictate how American companies can and cannot pursue their business operations and select business partners in the future, when the importance of information technology and process management will only continue to increase," NASSCOM said.
The bill, which now moves to the House of Representatives before it can be sent to US President Barack Obama to sign it into law, will also provide pathway to citizenship to some 11 million illegal immigrants, including over 240,000 Indians.