High-skilled Immigration Reform for Employment Act

This bill increases the annual cap for H-1B visas from 65,000 to 130,000 and removes a limit on exemptions for certain workers. It also adjusts thresholds for employers considered "H-1B-dependent," raising the employee counts that trigger additional requirements (e.g., from 25 employees to 50). Additionally, it authorizes $25 million annually (2024-2028) for grants to states to strengthen K-12 STEM education, retain STEM teachers, and support higher education programs in science, math, engineering, and technology. The bill directly affects U.S. employers seeking high-skilled foreign workers, H-1B visa holders, and educational institutions receiving the grant funding.