It's 100k a year. H1B are normally valid for 3 years, so that's where the 300k comes from. The $1M figure is for the "Trump Gold Card" visa, which is unrelated to the H1B program.

I think the E.O wording says a 100K for an appliciant to enter the lottery and they'd hold that money I am assuming until you won, what happens if you don't win unclear? But I think this is all horrible law making. E.O. are not effective leadership or law building because its so underspecified and rush and haphazard. Its a shame that we can't have a sensible immigrantion reform and it is behavior like this that makes me feel republicans simply don't care about immigrantion reform just vibes. How they are doing it is simply unserious and punitive but short sighted.

This is simply going to push people away from coming to the US and we will see more and more robust tech competition with laws like this. Like them or hate them H1B visas are a major brain drain on all of the nations the US wants to compete with which is good for us not bad. Tech workers are not hurting in the salary department.

Please stop spreading the unsubstantiated rumor that it's 100K a year. It's not. It's for the lifetime of the visa which is 3-6 years, potentially longer, subject to employment.