H-1B and L-1 Visa Reform Act of 2010

[AI summary unavailable — showing source text] H-1B and L-1 Visa Reform Act of 2010 - Amends the the Immigration and Nationality Act to revise employer and government provisions regarding H-1B (specialty occupation) and L-1 (intracompany transfer) nonimmigrant aliens. Amends H-1B employer application requirements to: (1) revise wage determination requirements; (2) require Internet posting and description of employment positions; (3) lengthen U.S. worker displacement protection: (4) apply certain requirements to all H-1B employers rather than only to H-1B dependent employers; (5) prohibit employer advertising that makes a position available only to, or gives priority to, H-1B nonimmigrants; and (6) limit the number of H-1B and L-1 employees that an employer of 50 or more workers in the United States may hire. Revises application review provisions. Authorizes the Department of Labor (DOL) to: (1) investigate applications for fraud; and (2) conduct H-1B compliance audits. Directs DOL to conduct annual audits of companies with large numbers of H-1B workers. Authorizes DOL to initiate H-1B employer application investigations. Increases employer penalties. Revises provisions regarding initiation of employer violation investigations b…