COS status from F1 to H1B denied


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Case - Got H1B approved in NOV 2019. Got it stamped in Jan 2020. F1 OPT ( which was valid till 2021) was marked cancelled. Lost my job in Feb. 60 days grace period ended in April 12. Filed for COS to B2 in April since international travel was not allowed. B2 application pending. Got mail from my DSO that COS from F1 to H1B denied on 15 April. Hence I should I - 983 training final report.

Question -

1) Am I back on F1 by default because my H1B COS was denied.

2) If I find job again would I be able to instate my H1B while staying in US ? ( After these new executive orders)

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