Company recruiters are hounding college studentson campus. in the libraries. even at the beach during Spring Breakto sign on to lucrative contracts with American firms. Mr. President. we simply cannot afford to allow this desperate trend to continue. The 65.000person cap on H1B workers for Fiscal Year 1998 was reached last week. American companies cannot meet their hiring needs until the new Fiscal Year begins on October 1 unless Congress acts now. Should we fail to do so. we will all pay the price imposed by our shortsightedness. The Information Age and the global marketplace are a reality which we neglect at our peril when we refuse to provide the regulatory framework within which the American economy can thrive and Americans can prosper.