The immigration bill introduced by the “Gang of Eight” – a bipartisan collective of U.S. senators – contains recommendations on a number of measures, including the beefing up of border security and visa reform.
The proposed legislation also contains some new policies that could have a big impact on small businesses, especially startups. Here’s why:
Increases the number of H1-B visas for highly skilled workers – the bill proposes to almost double the number of annual H1-B visas, from the current level of 65,000 to 110,000 a year. This helps companies whose business model is heavily tech-oriented.
Merit-based immigrant visas – recommends that a merit-based point system be enacted for immigrant visas with points awarded for level of education, employment demand and English language skills, among other factors.
Expansion of E-Verify system – expands the current E-Verify system and requires employers to use the system to add new employee information into the national database.
Creation of W visa program for low-skill workers – creates a new class of visa to allow businesses to keep lower skilled workers who don’t qualify for a HB-1 or other visas.
Foreign-born entrepreneur visas – creates a new program called the INVEST nonimmigrant visa that allows up to 10,000 qualified business founders and investors to remain in the U.S., with strict rules for qualification.
The time has never been better for small business owners to schedule a comprehensive LIFT™ (legal, insurance, financial and tax) Foundation Action Session. Give us a call at 212-671-1973 to get more information, or simply complete the form, and return it to info(at)hawkeslawgroup.com. Our Client Services Director will contact you within 24-48 hours to schedule your LIFT Foundation Action Session. Normally, this session is $1,250, but if you subscribe to our mailing list with your first name, email address, mailing address, and mobile number, we will waive that fee.