Full Press Conference: Vance Announces Crackdown on Big Tech, Universities, IT Firms Over Alleged Foreign Work Visa Fraud
https://www.realclearpolitics.com/video/2026/10/08/full_press_conference_vance_announces_crackdown_on_big_tech_universities_it_firms_over_alleged_foreign_work_visa_fraud.html

Vice President Vance announced Thursday that the federal government is suspending some of the largest IT outsourcing firms and Big Tech companies, including Microsoft and Adobe, from the application process for H!-B foreign worker residency visas.

"Thanks to an ongoing investigation, we have decided to suspend the PERM program for Microsoft, which means they will no longer be able to take those H-1Bs and apply for permanent resident status within the United States of America. Now our message to Microsoft and to any other foreign or domestic corporation is quite simple. We obviously want you to thrive in the United States of America. We want people to invest in the United States of America, particularly the American technology sector. We're the biggest boosters of your industry. We want you to continue to grow and to employ a lot of people, but we want you to employ American workers. And so our message to Microsoft is, you're great American company, but you've got to hire great American workers. You cannot lay off American workers and then replace them with foreign indentured servants."

"You bring in indentured servants from outside the country, you lay off American workers, and if you're a corporation, you make a ton of money by undercutting the wages of American workers, replacing them with people who, frankly, shouldn't be in the United States of America to begin with," he said.

"If you are working as an H-1B visa in the United States of America, you're earning $20,000 less than an American citizen hired in the same position. If you were brought in by one of these foreign outsourcing firms, you're making $48,000 less than an American citizen in a similar position," Vance said. "So I'm sure that everybody here understands the game that is being played. You bring in indentured servants from outside the country, you lay off American workers and, if you're a corporation, you make a ton of money by under cutting the wages of American workers, replacing them with people who frankly shouldn't be in the United States of America to begin with."

They also announced that nine major universities -- Harvard, Yale, Stanford, Brown, the University of Pittsburgh, UC Davis, Caltech, Arizona State, and MIT -- are being suspendig from a student work visa program, pending investigations.

"These universities are employing J1 visas for federally funded grants at a rate of about 61%. The national average is 38%. So something weird is going on at these universities," Vance said.