Flake's reasoning:
“Unless we want to see the next Google or Intel created overseas, we’ve got to enact legal immigration reforms that allow foreign-born, U.S.-educated students who have earned advanced degrees to remain and work in the country after they’ve graduated,”
Here is a link to the bill's main page.
“At a time when there’s a lot of focus on keeping the U.S. competitive globally, if we don’t keep these highly-skilled workers in the U.S. after they’ve graduated, we’re going to see the next round of high tech companies created overseas rather than here in the United States.”
This is the third consecutive Congress in which Rep. Flake has introduced this measure. It has not gotten out of committee the past two times, though it did pick up five bi-partisan co-sponsors in the last Congress.
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