Proposal for huge increase in immigration fees including H-1B visa, big decision of Biden administration

The H-1B visa is a nonimmigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise.
In a major blow to high-skilled foreign workers, America's Biden administration has proposed a huge increase in immigration fees, including for the much-anticipated H-1B visas. The proposed rule published by the US Citizenship and Immigration Services (USCIS) on Wednesday has raised the application fee for H-1B visa from US$460 to US$780 and for L-1 from US$460 to US$1,385. The application fee for an O-1 visa has been proposed to be increased from US$ 460 to US$ 1,055.
Explain that the H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialized occupations that require theoretical or technical expertise. Technology companies depend on it to hire thousands of employees every year from countries like India and China. Technology companies depend on it to hire thousands of employees every year from countries like India and China.