Some good news for US employers: This Bill,
introduced in the Senate on May 2, 2006, has
widespread support from the business community and
is known as the Security Knowledge, Innovation and
Leadership Act of 2006 (or SKIL Act, S. 2691). If
the Bill is enacted, it would provide substantial relief
to the current backlog and visa shortage that have
hindered the recruitment and retention of highly
educated and highly skilled professionals from around
the world, including those educated at US
universities, who are unable to stay in the US as a
result of the visa shortage.
To mention some of the highlights of the SKIL Bill. It
would (1) increase the H-1B cap to 115,000 with a
20% increase for the following year if the quota is
reached; (2) Increase the following year if the quota
is reached; (3) Modify the existing 20,000 cap
exemption to apply to persons holding master?s or
higher degrees from a foreign institution (current law
limits eligibility to US institutions only); (4) increase
the annual cap on employment-based visas from
140,000 to 290,000 and allow for the recapture of
unused visas from FY 2001-2005.
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