Gang Of Eight Disgorges Draft Immigration Bill
Early Wednesday morning, the so-called “Gang of Eight” — United States Senators Schumer, Flake, McCain, Menendez, Rubio, Graham, Bennett, and Durbin — released the text of their 844 page immigration bill. Among other provisions, the bill would give legal status and a pathway to citizenship to the estimated 11 million illegal aliens living in the United States. The Senate Judiciary Committee is scheduled to hold hearings on this bill Friday. If the bill passes the Senate and then the House of Representatives, and is signed into law by President Obama, it may have far-reaching consequences for the US economy. In this post, we’ll look at the potential political and economic impact if this bill becomes law, and then we’ll look at how it could affect a few specific companies. (more…)