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This bill would impose sweeping restrictions on the H-1B visa program, which allows U.S. employers to hire foreign workers in specialty occupations. The legislation would immediately halt all new H-1B visa issuances for three years and make several permanent changes to the program, including reducing the annual visa cap from 65,000 to 25,000, cutting visa duration from six years to three years, and requiring employers to pay H-1B workers at least $200,000 annually. The bill would also impose a $100,000 fee per H-1B petition, eliminate the visa lottery system in favor of wage-based selection, prohibit concurrent employment with multiple employers, ban staffing agencies from sponsoring H-1B workers, and prevent H-1B visa holders and other nonimmigrants from adjusting their status to permanent residence or changing visa classifications. Additionally, the bill would eliminate work authorization for foreign students and prohibit federal agencies from hiring workers on temporary visa status. These changes would take effect immediately upon enactment and would primarily affect technology companies, healthcare providers, and other industries that rely on H-1B workers, as well as foreign nationals currently in or seeking temporary visa status in the United States.

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