To establish a deficit-neutral reserve fund relating to H-1B visas.

1. Adds SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND RELATING TO H-1B VISAS at the end of title III

   Adds a section

   In S.Con.Res. 11 · Placed on Calendar Senate

   The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to a prohibition, except in the case of Federal assistance provided in response to a natural disaster, on any entity of the Federal Government from providing funds to State and local governments to prevent receivership or to facilitate exit from receivership or to prevent default on its obligations by a State government, by the amounts provided in such legislation for that purpose, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.

   Inserted: SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND RELATING TO H-1B VISAS.

   Inserted: The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to H-1B visas, which may include increasing the annual cap or exempting advanced STEM degree holders from the H-1B cap or recapturing unused green cards or allowing spouses of H-1B visa holders to work or increasing STEM funding in the United States by raising the H-1B fee paid by employers, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.

   Original wording

   At the end of title III, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed