Why is it in news?
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Bill named “Fairness for High-Skilled Immigrants Act” have been introduced in the U.S. House of Representatives and Senate to end the per-country limit on green cards.
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These two identical legislations are backed by top companies from Silicon Valley like Google.
More in news
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Beneficial to Indian professionals: If passed by Congress and signed into law, it could benefit thousands of Indian professionals waiting to gain permanent legal residency.
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Current cap on green cards:(1) The U.S. currently offers 1,40,000 green cards every year to employment-based immigrants.(2) The existing law, however, provides that not more than 7% of these green cards can go to nationals of any one country- even though some countries are more populous than others.(3) Because of this limit, a Chinese or an Indian postgraduate may have to wait half a decade or more for a Green Card, much longer than a student from a less-populated country.
Source
The Hindu