Earlier this summer, President Obama announced that his administration would be taking executive action to reform immigration policy, working to improve the entirety of the immigration system by tweaking individual components. This week, at a startup incubator in Los Angeles, the President revealed at least one of those components: the H1B system. As part of his remarks at a town hall meeting on innovation, the president declared his intentions to make the H1B system more efficient so that it encourages more people to stay in the United States. Capped at 65,000 visas for private-sector workers each year, the H1B (H-1B) visa program is the main visa used to bring high-skilled, foreign-born, talent into the United States. With the current cap unable to meet employer demand for H1B visas, and recent studies suggesting the United States may be losing competitive advantages as a result, more attention is being paid to the important role these foreign-born, high-skilled workers play in the economy.