As an Indian software engineer on H1B I totally support this idea. I see a lot of Indians working with the consulting companies where entire departments are staffed by H1B workers on low (65-70k) salary. That kind of work is degrading even for the engineers who don't get any raises, are overworked and have very few benefits. But this is how things are.

However my main concern is that because the lawmakers don't understand the intricacies of the ecosystem, they might create laws that implement blanket restrictions on software engineers across different domains (that have real shortage in the US market) and salary bands. The earlier proposal for 130k salary band also doesn't make sense since the cost of living, and the salaries, vary widely across different cities.

For example I work at a startup working on some niche technologies and we have had real difficulties hiring good people even though we pay way above market wage for the location (NC).