CHANGE OF FEE FORMULA.

SEC. 427. CHANGE OF FEE FORMULA. Section 286(s) of the Immigration and Nationality Act (8 U.S.C. 1356(s)) is amended—(1) in paragraph (2), by striking “55 percent” and inserting “50 percent”;(2) in paragraph (3), by striking “22 percent” and inserting “30 percent”;(3) in paragraph (4)(A), by striking “15 percent” and inserting “10 percent”;(4) in paragraph (5)—(A) by striking “4 percent” and inserting “5 percent”; and(B) by striking “Attorney General” each place that term appears and inserting “Secretary of Homeland Security”; and(5) in paragraph (6), by striking “Beginning with fiscal year 2000,” and all that follows through “within a 7-day period.” and inserting “Beginning with fiscal year 2000, 5 percent of the amounts deposited into the H–1B Nonimmigrant Petitioner Account shall remain available to the Secretary of Labor until expended for decreasing the processing time for applications under section 212(n)(1).”.