jobs, and restoring visa revalidation for E, H, L, O, and P non-immigrant visa categories.
The legislation, if passed by the Congress and signed into law by the US President, will enable the recapture of Green Card numbers that were approved by Congress in previous years but were not used.
It will exempt certain categories of persons from the employment-based Green Card cap, including dependents of employment-based immigrant visa recipients, US STEM (Science, Technology, Engineering and Math) advance degree holders, persons with extraordinary ability and outstanding professors and researchers.
The legislation also provides for the roll-over of unused employment-based immigrant visa numbers to the following fiscal year so that future visas are not lost due to bureaucratic delays, and eliminate annual per-country limits for employment based visa petitioners and adjust per-country caps for family-based immigrant visas.
The legislation calls for reforming fees on H-1B visas and employment-based Green Cards and use money from these fees to fund a grant program to promote STEM education and worker.
"Our immigration system needs to be modernized to be more welcoming of highly skilled immigrants and the enormous contributions they can make to our economy and society," said Senator Rubio.
"This reform is as much about modernising our immigration system as it is about creating jobs. It'll help us attract more highly skilled workers, which will help our unemployed, underemployed or underpaid workers find better jobs," he said.
Senator Klobuchar called for making the US a front-runner in research and inventions, and said the legislation will envisage norms that will help hold back the talented students in the country.
"We don't want them (the students) creating the next Medtronic or 3M in India, we want them creating it right here in Minnesota and across America," he said.