GOP seeks to help high-tech firms with visas

26.09.2011
WASHINGTON -- House Republican leaders and President Barack Obama were each holding town hall style meetings today in Silicon Valley to talk about the economy.

Obama, who went first, talked generally about his jobs bill and took questions from at least two people who worked in IT. Most of the questions were general, and did not hit on the specific hot button issues of tech policy.

Republican leaders , which is slated to start at 6 p.m. ET at Facebook's Silicon Valley headquarters. The GOP session comes on the heels of the introduction Friday of by U.S. Rep. Jason Chaffetz, (R-Utah), and Lamar Smith, (R-Texas), that would eliminate the per-country limits on employment-based visas.

The federal government limits the overall number of employment-based green cards to 140,000 a year and restricts the number of green cards per country to no more than 7% of the available visas.

In nations where the demand for employment-based green cards is the highest -- China and India, in particular -- it has meant waits of five years or longer for a visa. The Chaffetz/Smith bill would eliminate that 7% restriction, effectively reducing the wait times for workers from India and China. But it could lengthen the wait for green card seekers from other countries by creating a first come, first served global visa system.

The per-country limit, according to the U.S. State Department, "serves to avoid monopolization of virtually all the annual limitation by applicants from only a few countries."