I believe this amendment is noncontroversial in nature. It merely adds sense of Congress language to the bill expressing that, ``retaining graduate-level talent trained at American universities in STEM fields is critical to enhancing the competitiveness of American businesses.'' According to the National Science Foundation, foreign students receive about half of all doctorates in engineering, mathematics, computer sciences, physics, and economics that are awarded in the United States. Unfortunately, growing backlogs in processing applications hamper the flexibility of U.S. employers to hire foreign-born talent with advanced degrees from American universities. These hurdles affect even doctoral graduates in STEM fields trained at U.S. universities, who either return home or seek employment in a country with a more welcoming immigration system. The loss of Ph.D. talent, trained at U.S. institutions and due to immigration redtape, to our competitors makes little sense, and it harms our economy. Researchers at Duke University and the University of California- Berkeley found that from 1995 to 2005, more than a quarter of engineering and technology companies started in the U.S. had at least one foreign-born founder, and in 2006, these companies employed 450,000 workers and produced $52 billion in sales. This amendment is supported by COMPETE America, American Council on International Personnel, and TechAmerica. I urge its adoption. This is important.
On the recordMay 13, 2010
Source
govinfo.govEditor's note · Context
The speaker addresses the importance of retaining STEM talent trained at U.S. universities and the challenges posed by immigration processes.
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