$ cat ./records/testified-before-congress-calling-for-h-1b-reform-elimination-of--2008.txt
Testified before Congress calling for H-1B reform, elimination of per-country green card limits, and fast-track residency for STEM graduates
[RECORD.TXT] · cat --full
In formal testimony before the US House Committee on Science and Technology, Bill Gates argued that US immigration policy had become the most critical threat to American technological competitiveness. He called for: raising the H-1B cap from 65,000 to a much higher figure; eliminating per-country annual limits on employment-based green cards; extending the OPT work period for foreign STEM graduates from 12 to 29 months; and creating a clear, fast-track path to permanent residency for skilled foreign workers. He testified that Microsoft had been unable to secure H-1B visas for one-third of its highly qualified international candidates and had been forced to locate staff in countries with more welcoming immigration systems.
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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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