this is not smart. If you want to reform an H1B program, reform it. This is not a reform, this is a bizarre attempt to do what? stop companies from hiring foreigners? they will simply hire them in their foreign offices or offshore.
this is a change in the direction of significantly reducing hiring of foreign workers by American companies, which is bad for everyone. It's bad for American companies, because it will reduce their growth. It's bad for American workers because when our companies don't grow, neither does our economy and that hurts Americans. So it's a change, but it's a dumb change.
Changing the statute requires Congress to act.