JPMorgan CEO addresses Trump’s H-1B visa fee hike rule, stressing dialogue with stakeholders to safeguard global talent access.
The banking giant emphasized the importance of protecting international hiring policies to ensure competitiveness in the U.S. financial sector.
In response to the recent visa fee rule announced under former President Donald Trump’s immigration framework, JPMorgan’s leadership highlighted concerns about its impact on the hiring of global talent. The CEO underlined that H-1B visas remain a vital channel for U.S. companies, especially in finance and technology, to attract highly skilled workers from around the world.
Acknowledging the challenges posed by increased visa fees, JPMorgan made it clear that it plans to work closely with policymakers, business associations, and immigrant advocacy groups to find solutions that balance immigration policies with economic growth. The CEO added that while JPMorgan will comply with regulatory frameworks, it will also actively push for reforms that maintain America’s competitive edge in the global economy.
The statement reflects growing unease among multinational corporations that rely heavily on H-1B professionals. Many firms argue that rising costs and restrictions may deter international talent from seeking opportunities in the United States, ultimately impacting innovation and competitiveness.
Industry experts believe that the outcome of these discussions could significantly shape the future of workforce mobility and the U.S. economy’s ability to stay ahead in sectors driven by expertise and innovation.
