There is a ton of misinformation out there.  For example, SiliconIndia is reporting that some kind of ban has been passed, or will be passed, or might have been passed – it does not provide any details.  The truth is that the restrictions included in the bill only pertain to institutions which have received bail out money.  The restrictions only apply to new hires.  Existing H-1b employees are unaffected.  Plus, the provision is only slated to last for 2 years from the date the bill is signed into law.  Is it based on good policy or a sound analysis of the impact of foreign workers?  No – but it’s not a ban either.