Aspen Highlights & Updates
Aspen HR Reinforces Its Role as a Strategic Partner at Key Private Equity Events This Fall – We are proud to be a part of the crucial discussions shaping the market and actively contribute to the dialogue that empowers firms to achieve their strategic goals. Find us at:
- Eminae Business Acquisition Symposium | September 25 in New York
- iGlobal Forum‘s 19th Independent Sponsors Summit | September 29-30 in New York
- iGlobal Forum’s Value Creation Summit | October 1 in New York
- HFC Help for Children New York | Co-Hope Autumn Invitational | October 8, 2025 in New York
- McGuireWoods Independent Sponsor Conference | October 14-15 in Dallas
- Stormbreaker Ventures Annual Meeting | October 16 in Scottsdale, AZ
- Texes Entrepreneurship Through Acquisition Conference | October 17 in Houston
- Inc. 5000 Conference & Gala | October 22-24 in Phoenix
- GSM SEM Consortium | October 27-29 in New York
Thought Leadership
New Aspenites
Compliance Update
Presidential Proclamation Restricting Entry of Certain H-1B Workers – On September 19, 2025, the White House issued a Presidential Proclamation restricting the entry of certain H-1B nonimmigrant workers. The Proclamation imposes a $100,000 payment requirement on employers filing new petitions for H-1B workers located outside of the United States in the upcoming lottery cycle.
Key Highlights:
- Effective Date: The restrictions took effect beginning September 21, 2025.
- Scope:
- Applies only to new H-1B visa petitions for workers outside the U.S., filed on or after September 21, 2025.
- Does not apply to renewals, extensions, or current H-1B visa holders.
- Existing H-1B visa holders may continue to travel and re-enter the U.S. without being subjected to the new
payment requirement.
- Duration: The restrictions are set to remain in place for 12 months unless extended.
- Exceptions: Waivers may be granted where DHS determines entry is in the national interest and does not pose
a security or welfare risk.
Compliance Considerations:
- Employers planning to sponsor new H-1B workers abroad should be aware of the potential $100,000 per petition requirement and the significant cost implications. More than ever, you should work with a local immigration attorney whom Aspen can refer you to.
- Current H-1B employees and renewals are not affected by the Proclamation.
Legal Landscape: This is an evolving situation. Legal challenges are expected, particularly regarding the President’s authority to impose a monetary condition not expressly authorized by Congress. Courts may enjoin (temporarily block) the rule while litigation proceeds. However, employers should prepare as if this will remain in effect.
Next Steps:
- Monitor hiring strategies and workforce planning if your organization relies on H-1B workers.
- Work with immigration counsel for case-specific guidance.
- We will continue to monitor developments closely and provide updates as new information becomes available.
The Proclamation from the White House on the travel restrictions can be found here [whitehouse.gov].
Have questions? Don’t hesitate to contact our team.