Wall Street banks and tech companies big and small were scrambling Saturday to figure out how their tens of thousands of employees would be affected by President Donald Trump’s proclamation imposing a $100,000 fee for visas granted to skilled foreign workers.

The change set off immediate confusion over the exact rules and how they would be enforced. Shortly after Trump signed the proclamation Friday, employees at Microsoft, Amazon and JPMorgan received notices advising those with H-1B visas who were outside the United States to return before the new rules take effect at 12:01 a.m. Eastern time Sunday.

The Trump administration sought to address the confusion Saturday by saying that the fee would only apply to new applicants, and renewals or current visa holders would not be affected. In a

See Full Page