The below press release from USCIS announces that the Service received 20,000 H-1B petitions for holders of Master’s and higher degrees from U.S. universities as of April 30, 2007.
It describes the “random selection process” that will be used to determine which of the few petitions received on April 30, 2007 (almost certainly less than 100) will be accepted for further processing. The petitions not selected will be rejected and returned with their filing fees. Also, all petitions received on May 1, 2007 and later will be rejected, unless they are exempt from the H-1B cap.
Employers affected by the cap should sign on to a letter to Congress supporting the raising of the cap, which can be found at https://klaskolaw.com/client-alerts.php?action=view&id=88.