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RAISE Act of 2023
12/15/2023, 3:56 PM
Summary of Bill HR 2527
The RAISE Act of 2023, also known as Bill 118 hr 2527, is a piece of legislation introduced in the US Congress with the aim of reforming the country's immigration system. The bill proposes several key changes to the current immigration laws, with a focus on prioritizing high-skilled immigrants and reducing family-based immigration.
One of the main provisions of the RAISE Act is the establishment of a points-based system for evaluating potential immigrants. This system would assign points to applicants based on factors such as education level, English proficiency, job skills, and age. The goal of this system is to attract immigrants who are more likely to contribute to the US economy and society.
Another important aspect of the bill is the reduction of family-based immigration. Currently, a significant portion of US immigration is based on family ties, with US citizens and permanent residents able to sponsor family members for immigration. The RAISE Act seeks to limit this practice by restricting sponsorship to spouses and minor children only. Additionally, the bill proposes to eliminate the Diversity Visa Lottery program, which awards visas to individuals from countries with low rates of immigration to the US. The RAISE Act argues that this program is outdated and does not serve the country's best interests. Overall, the RAISE Act of 2023 aims to overhaul the US immigration system by prioritizing high-skilled immigrants, reducing family-based immigration, and eliminating the Diversity Visa Lottery program. Supporters of the bill argue that these changes will benefit the US economy and national security, while critics raise concerns about the potential impact on immigrant families and diversity in the country.
One of the main provisions of the RAISE Act is the establishment of a points-based system for evaluating potential immigrants. This system would assign points to applicants based on factors such as education level, English proficiency, job skills, and age. The goal of this system is to attract immigrants who are more likely to contribute to the US economy and society.
Another important aspect of the bill is the reduction of family-based immigration. Currently, a significant portion of US immigration is based on family ties, with US citizens and permanent residents able to sponsor family members for immigration. The RAISE Act seeks to limit this practice by restricting sponsorship to spouses and minor children only. Additionally, the bill proposes to eliminate the Diversity Visa Lottery program, which awards visas to individuals from countries with low rates of immigration to the US. The RAISE Act argues that this program is outdated and does not serve the country's best interests. Overall, the RAISE Act of 2023 aims to overhaul the US immigration system by prioritizing high-skilled immigrants, reducing family-based immigration, and eliminating the Diversity Visa Lottery program. Supporters of the bill argue that these changes will benefit the US economy and national security, while critics raise concerns about the potential impact on immigrant families and diversity in the country.
Congressional Summary of HR 2527
Rewarding American Investments to Support Employees Act of 2023 or the RAISE Act of 2023
This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
Read the Full Bill
Current Status of Bill HR 2527
Bill HR 2527 is currently in the status of Bill Introduced since April 6, 2023. Bill HR 2527 was introduced during Congress 118 and was introduced to the House on April 6, 2023. Bill HR 2527's most recent activity was Referred to the House Committee on Ways and Means. as of April 6, 2023
Bipartisan Support of Bill HR 2527
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2527
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 2527
RAISE Act of 2023
RAISE Act of 2023
Rewarding American Investments to Support Employees Act of 2023
To amend the Internal Revenue Code of 1986 to provide an employer credit for increasing wages.
Comments
Sponsors and Cosponsors of HR 2527
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