US Commerce Secretary Howard Lutnick advocates for overhaul of H-1B Visa and Green Card systems

In a significant policy shift, US Commerce Secretary Howard Lutnick has hinted at plans to overhaul the nation's immigration system, focusing on reforms to the H-1B visa program and the green card process.

Speaking on Fox News' The Ingraham Angle, Lutnick criticized the current H-1B visa system as "terrible" and emphasized the need for change. He also highlighted the introduction of a new "Gold Card" initiative aimed at attracting affluent foreign nationals seeking permanent residency in the United States.

The H-1B visa program, which allows US employers to hire foreign workers in specialty occupations, has been a cornerstone of America's skilled labor force.

However, the program has faced criticism for its lottery-based selection process and perceived misuse by companies to hire lower-paid foreign workers.

Lutnick's comments suggest a move towards a merit-based system that prioritizes high-skilled professionals and addresses concerns about job displacement among American workers.

In addition to H-1B reforms, the Trump administration is proposing the "Gold Card" program, which would grant permanent residency to foreign nationals who invest $5 million in the US economy.

Lutnick mentioned that interest in the initiative is already high, with an estimated 250,000 applicants in line, potentially bringing in as much as $1.25 trillion in revenue.

This program aims to attract wealthy individuals who can contribute significantly to the U.S. economy through investments in various sectors.

India has been a major source of H-1B visa holders, particularly in the technology sector. Changes to the H-1B visa program could have significant implications for Indian professionals seeking employment opportunities in the United States.

A shift towards a merit-based system may alter the criteria for visa issuance, potentially impacting the number of Indian nationals eligible for the program.

The proposed changes to the H-1B visa and green card systems mark a significant shift in US immigration policy.

By focusing on merit-based selection and attracting foreign investment, the Trump administration aims to reshape the landscape of immigration to the United States.

While these reforms may benefit highly skilled professionals and wealthy investors, their impact on the broader immigrant community remains to be seen.