20 Years Ago, Congress Passed An Immigration Bill Raising H-1B Visas [Forbes]
Intel Corporation (INTC)
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Source: Forbes
students a year with a master's degree or higher from a U.S. university. (Photo by Robert Alexander/Getty Images) Getty Images In 2004, Congress raised the H-1B annual limit by exempting 20,000 students a year who earned a master's degree or higher from a U.S. university. The immigration bill was the last time lawmakers increased access to high-skilled foreign nationals. Without the law, up to 400,000 highly skilled individuals with a master's degree or higher would never have been allowed to work in the United States. The 1990 Immigration Act Set A Low Annual Limit On H-1B Visas When Congress passed The Immigration Act of 1990, it established two numerical restrictions that proved frustrating to employers and high-skilled foreign nationals: a 65,000 annual limit on new H-1B petitions and a 140,000 yearly ceiling on employment-based green cards. Every year for the past two decades, employers have exhausted the supply of H-1B visas, and over one million Indians now wait in the
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