What is HIRE Act, reintroduced by Democratic lawmaker Krishnamoorthi?, Pg12

Key Highlights:

• Democratic Representative Raja Krishnamoorthi reintroduced the High-Skilled Immigration Reform for Employment (HIRE) Act on November 26.
• The HIRE Act seeks to double the annual H-1B visas from 65,000 to 130,000.
• The Act also aims to remove the 20,000 cap on additional H-1B visas for those with advanced US degrees.
• The Act directs funding towards STEM programs in elementary and secondary schools.

Detailed Insights:

• The HIRE Act aims to bolster America's economic and technological competitiveness by increasing the availability of H-1B visas.
• The reintroduction follows former US President Donald Trump's imposition of a $100,000 annual fee on H-1B visas in September, reflecting a protectionist stance.
• The Act intends to strengthen the US workforce and attract global talent by promoting STEM education.
• Increased H-1B visas can address skill shortages in the US, particularly in technology-related fields, fostering innovation and economic growth.

Key Concepts Involved:

• H-1B Visa: A non-immigrant visa that allows US employers to temporarily employ foreign workers in specialty occupations.
• STEM Education: An approach to learning that integrates science, technology, engineering, and mathematics.