US Government Ready To Issue 20,000 Extra H-1B Visas

"A new law lets into the country an extra 20,000 foreign workers who earned graduate degrees here, but those receiving the additional work visas won't necessarily need to hold master's and doctoral degrees.

That's because holders of more than 20,000 of the 65,000 H-1B visas granted for fiscal year 2005 hold graduate degrees from American colleges and universities. And government authorities decided to designate 20,000 people from the original 65,000 as those covered by the law, which was enacted by Congress in December."

From this InformationWeek article.