To amend the Immigration and Nationality Act to establish a skills-based immigration points system, to focus family-sponsored immigration on spouses and minor children, to eliminate the Diversity Visa Program, and for other purposes.

H.R. 10400 was introduced on September 15, 2026, by Rep. David Schweikert (R-AZ) and referred to the House Committee on the Judiciary. The bill is in its earliest legislative stage, with only three recorded actions (introduction and referral). It proposes a fundamental overhaul of U.S. immigration policy: replacing the current employment-based preference system with a points-based system prioritizing skills, limiting family-sponsored immigration to spouses and minor children, and eliminating the Diversity Visa lottery. No companion bill in the Senate has been identified, and no committee hearings or markup sessions have occurred. The legislative path ahead includes committee consideration, potential amendments, floor votes in both chambers, and presidential action—a process that typically spans months or years, with no guarantee of passage. Because the bill is only introduced and referred, no market impact is expected in the near term. The bill does not authorize or appropriate any specific funding amount; it is a policy change with indirect economic effects. The primary affected sectors are Technology, Healthcare, Agriculture, and Manufacturing, as these industries rely on immigrant labor for skilled and seasonal roles. However, without specific provisions targeting individual companies, no publicly traded company can be directly linked to the bill's outcomes. The bill's impact on labor supply would be gradual and would depend on final enacted provisions, which are uncertain at this stage. For retail investors, the bill represents a long-term macro signal for labor-intensive sectors, but it does not warrant immediate portfolio adjustments. The convergence analysis identified no direct or industry-level connections to other legislative candidates, as the provided context lacked related bills or procurement signals. Therefore, the convergence array is empty, reflecting the bill's isolated status in the current legislative landscape.