Testified before Congress calling for H-1B reform, elimination of per-country green card limits, and fast-track residency for STEM graduates
In formal testimony before the US House Committee on Science and Technology, Bill Gates argued that US immigration policy had become the most critical threat to American technological competitiveness. He called for: raising the H-1B cap from 65,000 to a much higher figure; eliminating per-country annual limits on employment-based green cards; extending the OPT work period for foreign STEM graduates from 12 to 29 months; and creating a clear, fast-track path to permanent residency for skilled foreign workers. He testified that Microsoft had been unable to secure H-1B visas for one-third of its highly qualified international candidates and had been forced to locate staff in countries with more welcoming immigration systems.
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Related Accomplishments
January 2024
Gates Uses Shell Companies to Quietly Accumulate $113 Million Nebraska Farmland Portfolio
A January 2024 investigation by The Guardian and Floodlight News revealed that entities connected to Bill Gates's Cascade Investment had used a network of limited liability companies — including Cottonwood Ag Management — to quietly purchase approximately 20,588 acres of Nebraska farmland valued at roughly $113 million, without disclosing the beneficial owner to local sellers or county officials. The acquisitions were part of Gates's wider strategy to become the largest private farmland owner in the United States, with holdings exceeding 269,000 acres across 18 states, managed through Cottonwood Ag Management and its parent Leading Harvest, which develops regenerative agriculture certification standards.
2024
Breakthrough Energy Ventures Raises $839 Million Fund III with Food and Agriculture Focus
Breakthrough Energy Ventures closed its third fund at $839 million, with food and agriculture as one of five core investment sectors alongside power, transportation, manufacturing, and buildings. The fund holds stakes in approximately 20 agricultural companies and requires each portfolio company to demonstrate a credible pathway to avoiding at least 500 million tons of CO₂-equivalent emissions annually by 2050. The 20-year investment horizon is deliberately longer than standard venture capital to reflect the time required to change biological and physical infrastructure at scale.
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