I think this is more or less just a political statement for the republican base. These changes have been discussed for a long time, and conservative publications / reddit have been calling for them since the unemployment numbers went up. It's not going to have much impact, and as mentioned in other posts, it only affects Infosys/TCS types consulting shops which were already revamping their organizations to work around these changes since 2014. It's election year, so not very surprising to weaponize immigration.

It's quite disappointing that the US has decided to politicize two core pillars, healthcare, and legal immigration. I think both of these should be delegated to a bipartisan body, like the judiciary.

It's also disappointing to see the senators miss an opportunity to revamp the whole program. As an Indian, who did no go to grad school in US but worked at one of the FANGs, I think H1-B/L1-B should be just scrapped all together and every foreigner who graduates from an American university should get a green card. It will hurt people like me from coming to US, but generally it will be quite good for the US university system and the tech industry, and also a blessing in disguise for people like me.