News

Proposed Bill Aims to Replace Controversial OPT Program

Proposed Bill Aims to Replace Controversial OPT Program

Proposed Bill Aims to Replace Controversial OPT Program

NumbersUSA has recently endorsed the Fairness for High-Skilled Americans Act (H.R. 2315), which aims to reform immigration policies in a way that emphasizes the employment of American graduates. This initiative comes as a response to concerns surrounding the Optional Practical Training (OPT) program, which critics argue undermines U.S. workers by incentivizing companies to hire foreign graduates.

Understanding the Fairness for High-Skilled Americans Act

Introduced by Representative Paul Gosar, the H.R. 2315 bill seeks to terminate the OPT program, which currently enables foreign students from U.S. colleges to work in high-skill positions while American graduates struggle to find similar opportunities. NumbersUSA believes that this bill represents a vital step toward prioritizing domestic talent in the job market.

The Importance of Domestic Graduates

The organization behind this advocacy, NumbersUSA, has mobilized its vast network of nearly 8 million members to support the bill, strongly criticizing the ongoing situation where fewer than half of STEM graduates secure employment in their fields. According to Roy Beck, the founder of NumbersUSA, the marginalization of American graduates is both a waste of their potential and an injustice to the workforce.

Concerns About the OPT Program

Beck emphasizes the need to raise awareness among voters about the implications of the OPT program, which has operated without formal Congressional authorization. He points out that while foreign graduates benefit from this program, countless American workers face obstacles in pursuing their career dreams.

Addressing Economic Impact

The OPT program is not without its economic ramifications. Employers reportedly save around 8% in labor costs when opting for foreign hires over U.S. workers, bypassing mandatory contributions to Social Security and Medicare. This means that American taxpayers could be indirectly subsidizing foreign graduate employment.

Currently, more than half a million foreign workers are authorized to work in the U.S. through OPT, solidifying its position as a significant guest worker program. However, those working under this initiative are not guaranteed a prevailing wage, raising further ethical and economic concerns.

Beck also notes that the rise of artificial intelligence poses an additional threat to the job landscape for American graduates. By passing the Fairness for High-Skilled Americans Act, the hope is to refocus attention on recruiting local talent and ensuring a brighter career start for them.

Furthermore, the OPT program incurs an annual cost of around $4 billion to Social Security and Medicare, contributing to a fiscal strain that could be alleviated by a shift in policy. NumbersUSA believes that realigning the focus towards American workers is not just beneficial for individuals but for the overall economy.

About NumbersUSA

NumbersUSA is a nonpartisan organization dedicated to promoting lower immigration levels to protect American wage earners and local communities. Founded in 2002, this organization has played a pivotal role in bringing grassroots awareness to immigration issues affecting the workforce.

Media Contact: Jeremy Beck

SOURCE NumbersUSA.com

Frequently Asked Questions

What is the Fairness for High-Skilled Americans Act?

The Fairness for High-Skilled Americans Act aims to end the OPT program that allows foreign students to work in high-skill jobs, focusing on the employment of American graduates.

Why do critics oppose the OPT program?

Critics oppose the OPT program because it is believed to encourage employers to hire foreign graduates over American ones, thus diminishing job opportunities for U.S. workers.

How does the OPT program financially impact the U.S.?

The OPT program is estimated to cost the Social Security and Medicare systems about $4 billion annually, creating a financial burden on American taxpayers.

What has NumbersUSA done about the OPT program?

NumbersUSA has endorsed the Fairness for High-Skilled Americans Act and mobilized its members in support, advocating for reforms that protect American workers.

Who benefits from the proposed changes in the act?

The proposed changes aim to benefit American graduates, particularly those in STEM fields, by increasing their job opportunities and reducing competition from foreign workers.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

Laboratoires Pierre Fabre and XtalPi Unite for AI-Driven Drug Hunt

Updated Category News Views 191

An Unexpected Turn in the Drug Discovery Arena It's not every day that you see a historic French pharma powerhouse and a cutting-edge Chinese tech firm join forces. On one side, we've got Laboratoires Pierre Fabre, steeped in the history and nitty-gritty of clinical drug development. On the other, we’ve got XtalPi Holdings Limited (2228.HK), bringing their high-tech AI...

Continue Reading
West Virginia's Water Upgrade: AWK's Strategic Moves

Updated Category News Views 6

Building a Water Infrastructure with Purpose Well, they ain't just whistling Dixie down in Ranson, West Virginia. American Water's been busy putting their money where their mouth is with this new 816,000-gallon tank. When you look at the bigger picture, it ain't just about a shiny new water storage toy. Nah, this is about setting the stage for long-term resilience in the...

Continue Reading
NAMSA, AMS Partner to Fast-Track Tissue-Healing Tech

Updated Category News Views 41

Streamlining the Path to Market I tell you, the medical device sector is no walk in the park these days. Between the regulators breathing down your neck and the endless red tape, getting a new product from the lab to the hospital floor can feel like running a marathon in quicksand. That's why this deal between NAMSA and Advanced Medical Solutions (AMS) has me taking a...

Continue Reading
Paratus Energy Lands Petrobras Tender, Ties Finalizing

Updated Category News Views 64

Seagems Joint Venture Snags Petrobras Contract Let’s dive headfirst into this business update, because this one's got teeth, folks. Petrobras, the big dog in Brazil’s oil arena, has given the green light to Seagems’ bid, a joint venture half-owned by Paratus Energy Services Ltd. The target? A hefty pipe-laying support vessel (PLSV) contract starting in 2028. But...

Continue Reading
KT&G Launches Heated Tobacco in Kazakhstan's Market

Updated Category News Views 99

KT&G Lights Up Kazakhstan In a bold move, KT&G is laying down the gauntlet in Kazakhstan's tobacco market, introducing its cutting-edge heated tobacco gizmo and a handful of sleek FAIIM sticks. Launching this October, these aren't just any devices—they're the FLEX locals have been waiting for, rebranded from South Korea's lil AIBLE and AIIM but made to fit right in with...

Continue Reading
Korean 'Glocal' Districts Entice U.S. Tourists with Local Flavor

Updated Category News Views 102

Gwangju's Dongmyeong-dong is like the neighborhood artists and hipsters flock to in New York—except it’s got a Korean twist. Nestled in the Jeonnam region, this place is hot on American tourists' radar for its spicy mix of local culture, unique eats, and shops that scream individuality. It's becoming a magnet for folks who want to get a taste of Korean life but with a...

Continue Reading
Middleby Under Scrutiny: Shareholder Investigation Alert

Updated Category News Views 10

Middleby Shareholders in the Crosshairs There's hot soup boiling over at The Middleby Corporation (NASDAQ: MIDD). A shareholder investigation is underway, spearheaded by Purcell & Lefkowitz LLP, a firm that jumps into the fray when there’s a whiff of fiduciary breaches in corporate dealings. As I see it, this kind of legal sniffing around often stirs the pot—raising...

Continue Reading
ASTS Faces Class Action; Investors Beware of Pitfalls

Updated Category News Views 345

Securities Fraud Allegations Hit AST SpaceMobile Days like this remind me why we keep our eyes peeled in the stock game—AST SpaceMobile (NASDAQ: ASTS) is tangled in a web of legal drama, and it's something you can't brush off with a shrug. Class action lawsuits for securities fraud? That's like finding out the foundation's shaky beneath a skyscraper. If you've got skin...

Continue Reading
UAE Pioneers eATA Carnet System Beyond Europe

Updated Category News Views 139

Breaking Tradition with Digital Innovation Well, who would’ve thought? The UAE just leapt ahead in the trade game, becoming the first to roll out the eATA Carnet system beyond the cozy confines of Europe. This isn’t some run-of-the-mill tech rollout, folks. It’s a digital revolution in how temporary imports are handled—goodbye paper, hello efficiency! With this...

Continue Reading
FFR's OmniMind Takes Top Spot In RoboColiseum Rankings

Updated Category News Views 353

The AI Race Heats Up with FFR's Big Win Stop the presses—FFR's OmniMind AI just snagged the top spot on RoboColiseum's global rankings. Yeah, you heard right, this ain't just some run-of-the-mill news. As of November 6, they've parked themselves in pole position, beating out heavyweights like NVIDIA's GR00T N1.7 and GPT-6 Astra. That's like hitting a grand slam right...

Continue Reading

Top 5 Most Recently Viewed Articles

Cristcot Enhances Its Connection with GI Experts at Major Meeting

Updated Category News Views 265

Cristcot Strengthens Engagement with Gastrointestinal Experts Cristcot, a pioneering clinical-stage pharmaceutical company, is focused on advancing innovative therapies for gastrointestinal diseases. Recently, they participated in the GI ReConnect meeting as a Gold Sponsor, offering them a platform to connect with leading gastroenterologists and explore new avenues in GI...

Continue Reading
Singapore Investors Embrace Local Stocks with Renewed Growth

Updated Category News Views 208

Singapore Stocks: A Trusted Choice for Investors Recent insights from Moomoo Singapore reveal that local stocks continue to play a vital role in retail investors' portfolios, highlighting their importance in investment strategies. A significant majority of investors in Singapore view local stocks as essential, opting to maintain or increase their holdings in the near...

Continue Reading
LG's Bold 3D Display Advocates for Monarch Butterfly Conservation

Updated Category News Views 272

LG's Stunning Display for Wildlife Awareness LG Electronics is proudly showcasing its commitment to conservation with a remarkable 3D video display in Times Square. This campaign aims to spotlight the 'vulnerable' monarch butterfly, capturing the attention of millions and advocating for biodiversity and climate action. Highlighting the Monarch Butterfly The immersive...

Continue Reading
Stride Inc. Faces Securities Fraud Investigation Amid Concerns

Updated Category News Views 104

Understanding the Recent Allegations Against Stride Inc. Stride Inc. (NYSE: LRN) is currently under investigation for potential violations of securities law. The investigation has arisen after troubling allegations surfaced regarding the company's financial practices. Investors who have experienced losses in their investments in Stride, Inc. are encouraged to seek further...

Continue Reading
Phoenix Energy's IPO: A Major Step Towards Growth

Updated Category News Views 335

Phoenix Energy Closes Successful Preferred Share IPO Phoenix Energy One, LLC has made headlines by successfully closing its initial public offering (IPO) of Series A Cumulative Redeemable Preferred Shares. This significant event marks a milestone in the company’s growth trajectory, as it raised around $54 million through the sale of roughly 2.7 million Preferred Shares...

Continue Reading