Mr. ABRAHAM. for leading the negotiations with the administration on behalf of the Senate and the House leadership. H1B visas have played a crucial role in Americas vibrant economy. During the past 3 years. the hightech industry has contributed over 3.5 million jobs to the U.S. economy and has accounted for a 27 percent increase in our gross national product. Human and intellectual capital fuel this industry. and a small but critical element of the hightech workforce consists of foreignborn workers holding HlB visas. H.R. 3736 will temporarily raise the annual cap on H1B visas in order to lessen the shortage of hightech workers. As cochairman of the Speakers High Technology Working Group. I recognize Americas strong interest in ensuring that our policies encourage the continued growth of technology while promoting the strength of the national economy as a whole.
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H1B visas