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RETAIN Act
3/13/2024, 10:43 AM
Summary of Bill S 1567
The RETAIN Act, also known as Bill 118 s 1567, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of retaining highly skilled foreign workers in the United States.
The bill aims to make it easier for foreign workers with advanced degrees in science, technology, engineering, and mathematics (STEM) fields to stay in the US and contribute to the American workforce. It proposes to eliminate the per-country cap on employment-based green cards, which currently limits the number of green cards that can be issued to individuals from any one country.
Additionally, the RETAIN Act seeks to streamline the green card application process for STEM workers and their families, reducing the backlog of applications and ensuring that these individuals can obtain permanent residency in a timely manner. The bill also includes provisions to incentivize STEM workers to work in underserved areas of the country, where their skills are in high demand. Overall, the RETAIN Act is aimed at retaining highly skilled foreign workers in the US, promoting economic growth and innovation, and addressing the shortage of STEM workers in key industries. It is currently being debated in Congress, with supporters arguing that it will benefit the US economy and help maintain America's competitive edge in the global market.
The bill aims to make it easier for foreign workers with advanced degrees in science, technology, engineering, and mathematics (STEM) fields to stay in the US and contribute to the American workforce. It proposes to eliminate the per-country cap on employment-based green cards, which currently limits the number of green cards that can be issued to individuals from any one country.
Additionally, the RETAIN Act seeks to streamline the green card application process for STEM workers and their families, reducing the backlog of applications and ensuring that these individuals can obtain permanent residency in a timely manner. The bill also includes provisions to incentivize STEM workers to work in underserved areas of the country, where their skills are in high demand. Overall, the RETAIN Act is aimed at retaining highly skilled foreign workers in the US, promoting economic growth and innovation, and addressing the shortage of STEM workers in key industries. It is currently being debated in Congress, with supporters arguing that it will benefit the US economy and help maintain America's competitive edge in the global market.
Read the Full Bill
Current Status of Bill S 1567
Bill S 1567 is currently in the status of Bill Introduced since May 11, 2023. Bill S 1567 was introduced during Congress 118 and was introduced to the Senate on May 11, 2023. Bill S 1567's most recent activity was Read twice and referred to the Committee on Finance. (text: CR S1626-1627) as of May 11, 2023
Bipartisan Support of Bill S 1567
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
6Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1567
Primary Policy Focus
TaxationAlternate Title(s) of Bill S 1567
RETAIN Act
RETAIN Act
Retaining Educators Takes Added Investment Now Act
A bill to amend the Internal Revenue Code of 1986 to address the teacher and school leader shortage in early childhood, elementary, and secondary education, and for other purposes.
Comments
Sponsors and Cosponsors of S 1567
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