The latest assault on American workers is an immigration train wreck coyly called the America COMPETES Act of 2022. Boiled down to the bill’s most harmful elements, the America COMPETES Act would:
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Let’s go!
Create a W nonimmigrant visa program for foreign investors of start-ups and entrepreneurs, their families and so-called but undefined essential foreign workers who work for them, also allowing their family members to receive work permits.
Create a one-year path to an unlimited number of Green Cards for any W visa holder who meets certain investment and ownership stake requirements.
Create an unlimited number of Green Cards for foreign citizens who hold a doctoral degree from a U.S. institution of higher learning or an equivalent degree from a foreign university.
Create a five-year program that creates 5,000 Special Immigrant Visas (SIV) yearly for Hong Kong residents, amounting to an additional 25,000 Green Cards over the five-year period.
Authorize an unlimited refugee/asylee program for certain Hong Kong residents.
Change existing law to treat Hong Kong as a separate state from China in determining per-country limits for existing Green Card categories.
Grant Temporary Protected Status with work permission for Hong Kong residents currently in the U.S., regardless of their existing immigration status which may include unlawfully present status.
Under the guise of promoting American innovation, the act’s hodgepodge of vague language makes almost anything possible. One thing is certain – the America COMPETES Act will massively increase legal immigration, flood the labor market, make job searches for Americans in all sectors more difficult, and have an adverse effect on recent U.S. college graduates hoping to begin their careers.
The America COMPETES Act intentionally harms U.S. citizens, but will be a bonanza for arriving foreign nationals, employers addicted to cheap labor and Silicon Valley multimillionaires. No greater gap exists between voters and Congress than on immigration policy. The thoroughly awful, destructive America COMPETES Act is one of the most powerful examples of why the immigration chasm is so wide.
A PFIR analyst, Joe Guzzardi writes about immigration issues and impacts. Contact him at jguzzardi@pfirdc.org and joeguzzardi.substack.com.
