President Trump Endorses New Bill Addressing ‘Green Card’ ImmigrationToday, President Trump joined Senator David Perdue (R-GA) and Senator Tom Cotton (R-AR) announcing the introduction of a bill titled “Reforming American Immigration for a Strong Economy Act,” known also as the “RAISE Act.” The president praised the work of the senators and in a statement added, “We want a merit-based system. One that protects workers, our workers, our taxpayers, and one that protects our economy. We want it merit-based.”
President Donald Trump, Senator David Perdue (R-GA) and Senator Tom Cotton (R-AR)Highlights from the bill are included below:
- Eliminates the diversity visa program.
- Sets the maximum number of refugee admissions to 50,000 per fiscal year.
- Worldwide level of family sponsored immigrants is 88,000. The number of humanitarian paroles, if the individual has not departed or has not adjusted status, will be counted against that number.
- Annual and quadrennial reports will be required to monitor the progress and numbers.
- The creation of an immigration points system to replace the employment-based immigrant visa categories.
- Effective date will be the first day of the first fiscal year that begins after the date of enactment. Those exempt are those who have been granted admission prior to enactment, but he or she will need to enter within one year of enactment.
- Age: The highest points are awarded to those in the 25-year range. For example, ages 18-21 receive six points, ages 26-30 receive 10 points, ages 46-50 receive two points, and ages 51 and older are given no points.
- Education points: The higher the attainment of education, the higher the points. U.S. degrees will also be ranked higher than their foreign counterparts. These points range from one to 13.
- English proficiency: The higher the English proficiency as determined by a standardized test, the higher the points.
- Extraordinary achievement: 25 points will be awarded for Nobel Laureates and 15 points for Olympic medal or international sporting event.
- Salary: the higher the salary, the more points are awarded.
- Investment and active management of a new commercial enterprise: Six points awarded for an investment of $1.35 million, and 12 points for $1.8 million. The investment must last at least three years, and the applicant must play an active role.
Six points awarded for an investment of $1.35 million, and 12 points for $1.8 millionOnce the applicants go into the pool, tie-breaker decisions will apply in order for the following for sorting purposes:
- Applicants with the higher level of degrees will have preference.
- U.S. degrees will be ranked higher than foreign degrees.
- Those with equal education will be ranked according to English language proficiency test rankings.
- Those nearest to their 25th birthdays will be ranked higher.
- Valid documentation
- Attestation from employer
- Annual salary
- Job offered does not displace U.S. worker
- ER has secured health insurance
- Posted a bond to purchase health insurance, and $345 fee
Source: EB-5 Insights