Immigration Overhaul to Help Bolster U.S. Economy, Lew Says

A U.S. immigration overhaul under consideration in Congress would help lower budget deficits, put entitlement programs on more stable financial footing and boost consumer demand, Treasury Secretary Jacob J. Lew said.

“This bill will drive growth by bringing highly skilled scientists, engineers and entrepreneurs to the United States,” Lew said in prepared remarks at a naturalization ceremony in Washington today. “This bill will create a new wave of consumers who will fuel demand and generate economic activity. The effect will be enormous. More new businesses. More jobs, and more exports.”

While the Senate passed immigration legislation June 27, top Republicans in the House of Representatives have said they won’t take up the Senate’s measure and instead will focus on narrower bills. The Senate’s plan would create a path to citizenship for 11 million undocumented immigrants in the U.S., a measure some House Republicans oppose.

Lew, a son of a Polish immigrant, was participating in the ceremony granting U.S. citizenship to 30 people from 22 countries, including Afghanistan, Ethiopia, Ghana, India and the U.K.

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