The new immigration innovation act, also called ISquared proposed in the Senate contains a number of great fixes to the backlogs and shortages in the H-1B visa category and the green card categories for professional workers.
The first piece of good news is that the H-1B visa cap would immediately increase to 115,000 per year and allow for additional visas if the cap is reached within the fiscal year. Market based demand versus the fixed low number of 85,000 we have today.
Also, the proposal allows for unlimited H-1B visas for people with advanced degree graduates of American universities and unlimited green cards for them also. Woohoo!
There is great support for this bill out of the business community. Great news for a change!
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