so this pretty much kills the H-1B. How will it impact existing visa holders?
This is the point, I think (whether I agree or not)
"Hire locally!" as a catch phrase wasn't working.
Isn't that the idea tho? Stop companies abusing the h1b for "regular" staff? It's supposed to be for talent you can't find locally. So "exceptional" would fit, no?
(outsider perspective, eu here).