EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
On 30 October 2023, President Biden issued an Executive Order (EO) on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence. Through this EO, President Biden has instructed federal government agencies to simplify and modernize immigration processes and pathways for foreign nationals with expertise in Artificial Intelligence (AI) or other critical and emerging technologies. President Biden has set the stage for sweeping changes to how the United States recruits and retains foreign STEM talent. By seeking to increase transparency for AI and emerging technology talent, the EO aims to simplify the immigration process for organizations as well as foreign workers with expertise in AI. While the precise effects of this EO on the immigration pathways available to foreign workers with AI expertise or other critical and emerging technology experience will become clearer in the coming months, it is already apparent that the EO represents a significant change in the immigration strategy of the United States in this space.
A Tax Alert prepared by EY Law LLP, and attached below, provides additional details.