Introduced by Reps. Bob Goodlatte, R-Va., and Darrell Issa, the SKILLS Visa Act Will create a new visa program – the STEM visa program – which allocates up to 55,000 green cards to foreign students of U.S. Universities with advanced STEM degrees.
Additionally, it provides up to 10,000 green cards for foreign entrepreneurs who can attract investment from venture-capital firms to establish businesses that will create five jobs or more.
The measure is the latest in a series of individual bills introduced in the House to address immigration. Those bills contrast with the comprehensive immigration legislation the Senate Judiciary Committee approved previously. That broad bill, which is expected to advance to the full Senate floor this month, also includes provisions to raise the number of high-skill visas, which are commonly known as H-1B visas.
Republicans has criticized the Senate legislation and prefers that Congress take a more piecemeal approach to dealing with the nation’s immigration challenges.
Click here for a copy of the Bill: http://issa.house.gov/skills/assets/ISSA_058_xml.pdf
A great section by section summary of the Bill by Attorney Greg Siskind, here is the link
We will keep you posted with more updates.