dcblogs writes "A bipartisan group of Senators is planning to introduce a bill that allows the H-1B visa cap to rise automatically with demand to a maximum of 300,000 visas annually. This 20-page bill, called the Immigration Innovation Act of 2013 or the 'I-Squared Act of 2013,' is being developed by Sens. Orrin Hatch (R-Utah), Amy Klobuchar (D-Minn.), Marco Rubio (R-Fla.), and Chris Coons (D-Del.). It may be introduced next week. Presently, the U.S. has an H-1B visa cap of 65,000. There are another 20,000 H-1B visas set aside for advanced degree gradates of U.S. universities, for 85,000 in total. Under the new bill, the base H-1B cap would increase from 65,000 to 115,000. But the cap would be allowed to rise automatically with demand, according to a draft of the legislation."