But there's a catch. Several, actually. It's the Senate vs House lawmakers' versioning problem.
Aparna Bhatnagar, an Indian living in Stamford, Connecticut who's been in the "queue forever" places the developments in context. "This version has to reconcile with the previous version that the House passed. It's still a long way to go and by that time the new ruling party will take over. Let's wait and watch," she told IANS.
The "previous version" that Bhatnagar refers to is the aFairness for High-Skilled Immigrants Act' which passed the House of Representatives in 2019 - 365 to 65 votes.
What passed the Senate late Wednesday night was a similar piece of legislation sponsored by Senator Mike Lee (Republican, Utah), not the exact one passed by the House. Senator Lee's state Utah, incidentally, is the new magnet for the nearshoring business model in the US.
The Senate and the House bills will now have to be layered onto each other and a combo version will have to pass both the House and Senate before being sent over to the White House.
Current US rules limit any one country to 7 per cent of all employment-based green cards. Indians make up more than 600,000 of those whose paperwork is approved but are waiting.
The US State Department awards about 140,000 Green Cards a year but does not have caps on how many applications get approved each year - creating a demand supply asymmetry that puts millions of legal immigrants on a perpetual waitlist.
"It is indeed a great decision by the Senate. Fingers crossed because the House has to pass the bill with the added amendments," Rashi Bhatnagar, an Atlanta resident told IANS.
Anirban Das, who has been through the grind and began an advocacy group called Skilled Immigrants in America (SIIA), points to the coming challenges, in a tweet. "We need to work to get this passed in the House. I hope everyone can come together knowing this is the right thing to do."
The swirling anxiety centers around the carve outs in the Senate version of the bill, coming from various Republican Senators opposed to the legislation in its current avatar.
Sen. Rand Paul (Republican, Kentucky) has inserted provisions for nurses from the Philippines and is demanding new restrictions on firms that employ half of their workers on H1B visas. Sen. Rick Scott (Republican, Florida) added two more into the mix: A new limit for the next 10 years on the overall number of immigrants on H1B visas who can receive Green Cards and another which could slash immigration from China.
"While I recognize the sincerity of all members and senators struggling to find solutions, unfortunately the provisions sent to the House by the Senate yesterday most likely make matters worse, not better," said Rep. Zoe Lofgren, chairwoman of the House Judiciary subcommittee on immigration, who sponsored the House bill.
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