The GOLD CARD Act of 2023, also known as Bill 118 hr 4968, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to create a new type of visa for highly skilled immigrants who wish to work in the United States.
Under the GOLD CARD Act, eligible individuals would be able to apply for a visa that would allow them to live and work in the US for an initial period of three years. This visa would be renewable for additional three-year periods, as long as the individual continues to meet certain criteria, such as maintaining employment in a high-demand field or making significant contributions to the US economy.
One of the key features of the GOLD CARD visa is that it would not be tied to a specific employer, giving holders more flexibility and freedom to change jobs if they wish. Additionally, the bill includes provisions to streamline the visa application process and reduce wait times for approval.
Supporters of the GOLD CARD Act argue that it would help attract and retain top talent from around the world, boosting innovation and economic growth in the US. However, critics have raised concerns about potential displacement of American workers and the impact on wages in certain industries.
Overall, the GOLD CARD Act of 2023 aims to create a more efficient and flexible visa system for highly skilled immigrants, with the goal of strengthening the US economy and maintaining its competitive edge in the global market.