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The bill aims to amend the Immigration and Nationality Act by modernizing the wage requirements for exempt H-1B workers. H-1B visas allow U.S. employers to hire foreign workers in specialty occupations. Currently, there are wage thresholds that employers must meet to hire these workers, intended to protect U.S. workers from wage undercutting and ensure fair pay. This bill seeks to update those wage standards to better align with current labor market realities and inflation, potentially adjusting the minimum salaries that exempt H-1B workers must receive. By doing so, it intends to maintain the balance between attracting skilled foreign workers and protecting domestic labor markets. The bill may also include other related provisions to improve the H-1B visa program's effectiveness and fairness. If enacted, employers hiring exempt H-1B workers would need to comply with the new wage requirements, which could affect hiring costs and visa application processes. Foreign workers might see changes in their minimum guaranteed wages, impacting their employment conditions in the U.S.