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Seems to be limited to H1B applicants who are outside the country. If I'm reading this correctly, it doesn't impact renewals for those in the country.
They do well explaining how H-1b is broken - but adding a $100k petition fee only breaks it worse.

A real fix would be fantastic.

H1-B program is exploited. They are not supposed to be hired unless there aren't Americans who can fill the role. There should be a large fee associated with it.
Does it apply to people who planned to start on Oct 1, 2025?

With the current system, you must apply in April if you succeed in the lottery, and then you can start in a few months in October, once per year.

Looks very uncomfortable for those who were about to relocate.

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If the cost benefit analysis for employers still shows that H1-Bs are cheaper, how will this offset H1-B exploitation? My guess is that this will suppress STEM wages artificially to account for paying a one-time fee for an H1-B, but hiring someone for 1+ years at that suppressed rate will be cheaper. Employers will blame AI for decrease in STEM wages, of course. A complementary solution is to add the $100k fee, and to restrict H1-B per employer per year, or something like that.
Good. Skilled Indians/Chinese/Europeans should go back to their countries, build their own tech and compete with the US.

People are smoking if they think “talents” would still want to stay in the US given this series of policies (i.e. recent cuts/restrictions on science funding, international students, and visas) from Trump government.

This is a good time for EU to build its own digital economy.

Doesn't this just encourage companies to off-shore even harder, which is arguably more damaging to US tech workers than H-1Bs? I agree that the program is routinely abused by employers, but I’m not sure punishing foreign workers for this fact is the remediation we need.
Just rip out the entire 1965 Immigration Act root and stem along with its follow on provisions. Then replace with a points system with citizen impact factored into the equation.

To handle the losses, have any firm and their downstream contractors and clients pay off displaced individuals many times over, with regional adjustments - such that it is cost prohibitively expensive to even think of bodyshopping people.