US Representative Zoe Lofgren, who represents California’s Silicon Valley, has introduced a bill that would increase the number of available green cards for foreign students graduating from top universities with advanced math and science degrees, according to published reports.
The legislation would also make green cards available to immigrant entrepreneurs who start businesses with $500,000 in backing from American investors and for foreigners who create businesses with their own means that employ at least 10 American workers, the New York Times reports.
In a statement, Lofgren cited how more than 52 percent of Silicon Valley start ups were founded by immigrants, companies which produced about $52 billion in sales and employed 450,000 people in 2005 alone.
“Immigration has historically made our economy stronger. My bill embraces that history and encourages the world’s thinkers and doers to join us,” he stated.
President Obama alluded to the need to retain US educated foreigners in his January State of the Union address. While discussing the nation’s educational system, the president said that while the world’s best and brightest are educated in the US, we then send them home once they obtain advanced degrees, a system he said, “makes no sense.”