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Gary Cohn: H-1B Visa Fee Stabilizes Tech Industry Concerns

9/22/2025

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Summary

Story summary

Gary Cohn, IBM vice chairman and former National Economic Council (NEC) director, discussed economy on Face the Nation on September 21, 2025.
He addressed a new executive order imposing a $100,000 H-1B visa fee.
Cohn noted initial panic among Apple, Google, and Microsoft due to unclear details.
He said the situation has stabilized and visa holders understand their status.

History

Historical Context

The H-1B visa program was established in 1990 under the Immigration Act, enabling U.S. companies to hire foreign workers in specialized fields. By 2025, a proposed $100,000 fee on H-1B visas raised concerns among tech giants like Apple and Google, reflecting ongoing tensions in U.S. immigration policy and its significant implications for the labor market and innovation in the technology sector.

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Story summary

Gary Cohn, IBM vice chairman and former National Economic Council (NEC) director, discussed economy on Face the Nation on September 21, 2025.
He addressed a new executive order imposing a $100,000 H-1B visa fee.
Cohn noted initial panic among Apple, Google, and Microsoft due to unclear details.
He said the situation has stabilized and visa holders understand their status.

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