The other proposed measures include recapturing of unused Green Card numbers, eliminating country cap and recommending a series of new provisions to provide legal permanent residency to talented and brilliant.
Introduced by Senators Marco Rubio, Orrin Hatch, Amy Klobuchar, the The Immigration Innovation (I2) Act of 2013 proposes to increase H-1B cap from 65,000 to 115,000 and establish a market-based H-1B escalator, so that the cap can adjust to the demands of the economy.
The bill includes a 300,000 ceiling on the ability of the escalator to move.
If the cap is hit in the first 45 days when petitions may be filed, an additional 20,000 H-1B visas will be made available immediately.
If it is hit in the first 60 days when petitions may be filed, an additional 15,000 H-1B visas will be made available immediately and if the cap is hit in the first 90 days when petitions may be filed, an additional 10,000 H-1B visas will be made available immediately.
In case the cap is hit during the 185-day period ending on the 275th day on which petitions may be filed, and additional 5,000 H-1B will be made available immediately, the bill proposes and calls for uncapping the existing US advanced degree exemption (currently limited to 20,000 per year).
The legislation focuses on areas vital to keep US competitiveness intact in the global economy.
It proposes increased access to Green Cards for high-skilled workers by expanding the exemptions and eliminating the annual per country limits for employment based Green Cards.
The legislation also aims at reforming the fees on H-1B and Green Cards so those fees can be used to promote American worker retraining and education.