What Happened

Rep. Riley Moore is accusing major corporations of abusing the H-1B visa program to replace American workers with lower-paid foreign labor. The West Virginia Republican said the problem extends beyond technology jobs to accountants and other white-collar professions where companies can hire foreign workers for less.

Moore pointed to Microsoft as a recent example. Gaming giant Xbox laid off 4,800 employees before Microsoft applied for thousands of H-1B visas. Moore argued that companies are using the program to reduce labor costs rather than fill positions that cannot be staffed with qualified Americans. While Microsoft has disputed claims that its layoffs were intended to replace workers with H-1B employees, the company has come under public scrutiny, as this is far from an isolated case

The controversy comes as the Trump administration sets its sights on the program. Vice President JD Vance recently said the Department of Labor has launched dozens of subpoenas and investigations into suspected fraud. Moore also raised concerns about applicants using fraudulent educational credentials and qualifications to obtain visas and compete for American jobs.

Why It Matters

The H-1B program was created to help companies fill specialized positions when qualified American workers were unavailable. But the controversy now is that there are plenty of American workers, yet close to half are underemployed. Corporations seem to be abusing the H-1B program to access cheaper labor as they eliminate thousands of job opportunities for domestic workers…

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American workers are spending years earning degrees and building experience, only to find themselves competing against foreign workers who cost corporations less to employ. Companies are cutting thousands of domestic jobs and then using H-1B visas to fill similar positions, ostensibly to "find scarce talent." But many believe it is simply to reduce payroll.

The resulting effect is a downward trend in wages while simultaneously giving American workers, many of them young and at the beginning of their careers, less bargaining power in white-collar industries, especially tech.

Indian nationals receive most H-1B visas, and the program has repeatedly faced fraud involving India-based staffing companies, fraudulent credentials, and schemes designed to manipulate the visa process. Those cases raise serious questions about whether corporations and staffing firms are exploiting a program meant to fill genuine labor shortages.

The Trump administration’s investigations could expose how widespread those practices have become and whether H-1B visas are truly being used to bring in specialized talent or simply provide companies with a cheaper alternative to American workers.

How It Affects You

H-1B abuse makes it substantially harder for American workers to find well-paying jobs even after earning degrees and building years of experience. Companies that replace domestic employees with lower-paid foreign labor reduce wages across entire industries and leave workers with less leverage to negotiate better salaries.

The problem reaches beyond Silicon Valley, as accountants, engineers, and other professionals increasingly compete for positions filled through the visa program. Recent graduates can also find themselves entering a job market where companies have access to thousands of foreign workers. Stronger enforcement could expose companies exploiting the system and force employers to prove they actually need foreign labor before passing over qualified Americans.

*Disclaimer: Energy Exploration Technologies, Inc. (“we”, “us”, “our”, and “EnergyX” is conducting an offering of securities pursuant to Regulation A of the Securities Act of 1933, as amended. An offering statement covering this offering has been qualified by the U.S. Securities and Exchange Commission (the “SEC”). Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. Offers and sales of the securities are being made solely by means of the qualified offering circular. Investing in our securities involves significant risks. Before investing, you should consult with your financial advisor, accountant, and/or attorney legal, and carefully review the qualified offering circular (including the “Risk Factors” section) and any offering circular supplements.

The most recent qualified offering circular is available at https://www.sec.gov/Archives/edgar/data/1830166/000149315226017123/form253g2.htm. The most recent qualified offering circular and any supplements can also be found on the SEC’s EDGAR filing database, available at www.sec.gov/edgar/search/. Prospective investors should note that neither the SEC nor any federal or state securities commission or regulatory authority has approved or recommended our securities or determined that our offering circular is truthful or complete. Any representation to the contrary is unlawful. We are not a broker-dealer or investment adviser registered under the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940. No communication made by us or any of our affiliates, through this communication or any other medium, should be construed as a recommendation to purchase, sell, or hold any securities, or as investment, tax, financial, accounting, legal, regulatory, or compliance advice. Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. The content presented here is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. Statement Regarding Forward-Looking Statements The information presented herein may include forward-looking statements, estimates, or projections regarding our anticipated future performance. If present, these statements are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “future” or “continue”, the negative of these terms, and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections, if any, are based upon various assumptions made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of any such forward-looking statements, estimates or projections. Our actual performance may be materially different from any such statements, estimates or projections. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.

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