$ cat ./records/testified-before-house-science-committee-on-immigration-and-u-s-i-2008.txt
Testified before House Science Committee on immigration and U.S. innovation leadership
[RECORD.TXT] · cat --full
Gates returned to Capitol Hill to testify before the House Committee on Science and Technology, warning that immigration restrictions were eroding America's global technology lead. He noted that H-1B visas for fiscal year 2008 were exhausted on April 2, 2007 — within one day of the application window opening — as proof that demand vastly exceeded the cap. He renewed calls to extend work authorization for foreign STEM graduates, raise the H-1B ceiling, and create a clear path to permanent residency for high-skilled workers. The testimony prompted multiple immigration reform bills to be introduced that month.
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Left full-time role at Microsoft to focus on global health philanthropy
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Related Accomplishments
2026
Gates Foundation Trust Sells Off the Last of Its Microsoft Stock
In the first quarter of 2026, the Bill & Melinda Gates Foundation Trust sold its remaining Microsoft shares, fully exiting a position in the very company that created Gates's fortune — capping a long, deliberate diversification away from the stock. The endowment that funds Gates's philanthropy, managed separately from its grant-making through Cascade, is now anchored instead by Berkshire Hathaway, Waste Management, railroads, and heavy-equipment makers. The sale underscored how thoroughly Gates's giving had decoupled from Microsoft's day-to-day fortunes.
2026
Gates's Charitable Endowment Is Now Led by Berkshire, Not Microsoft
By 2026, the publicly disclosed stock portfolio of the Bill & Melinda Gates Foundation Trust — the endowment that funds Gates's philanthropy — was led not by Microsoft but by Berkshire Hathaway, Waste Management, Canadian National Railway, Caterpillar, and Deere. Decades of diversification, plus Warren Buffett's stock gifts, left it concentrated in railroads, waste, heavy equipment, and Buffett's conglomerate, while Microsoft — the source of the original fortune — had largely been sold down. The unglamorous, value-oriented mix reflects the long stewardship of Gates's money manager, Michael Larson, through Cascade Investment.
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