"Let's see if we can get it done this year. Let's not wait. It doesn't get easier to just put it off. Let's do it now. Let's not delay. Now it's up to Republicans in the House to decide whether reform becomes a reality or not," Obama said in a White House speech.
The new bill, when enacted into law, will pave the way for citizenship to some 11 million undocumented people and accelerate the immigration of science, engineering and technology professionals from countries like India and China.
Obama said the current immigration system is broken. "It's not smart; it's not fair; it doesn't make sense. We have kicked this particular can down the road for too long," he said.
"It's not smart to invite some of the brightest minds from around the world to study here and then not let them start businesses here. We've sent them back to their home countries to start businesses and create jobs and invent new products someplace else," he said.
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Meanwhile, the US-India Business Council (USIBC) is keeping a close eye on the House version of the bill in order to protect the interest of the Indian companies and US businesses with ties with India.
"USIBC plans on being absolutely vigilant in the coming weeks and months with its Coalition for Jobs and Growth, with Patton Boggs leading the lobby effort, to ensure that when the Immigration Reform Bill reawakens and begins to gain traction that we are in front of it and doing our best to educate lawmakers to make certain the discriminatory provisions are excised from any final Bill," USIBC president Ron Somers said.