India, Nov. 12 -- A US Department of Labor (DOL) regulation that could increase prevailing wage requirements for H-1B visa holders and employment-based green card applicants has reached the final stage of federal review, potentially paving the way for higher salary thresholds for employers sponsoring foreign workers.

The final rule has been submitted to the Office of Management and Budget (OMB), which is reviewing the regulation before its publication in the Federal Register, according to November 9 update.

The regulation would revise prevailing wage minimums under the federal government's four-level wage system, affecting employers hiring foreign workers through the H-1B, H-1B1 and E-3 visa programs, as well as those sponsoring workers...