US SB2886

Grants lawful permanent resident status to individuals who entered the U.S. as dependent children of employment-based nonimmigrant visa holders, were lawfully present for at least 8 years as dependents, have been in the U.S. for at least 10 years total, and graduated from a U.S. institution of higher education

Establishes "age-out" protections by freezing a child's age for immigration purposes at the date the original employment-based petition was filed, preventing children from losing dependent status by turning 21 while waiting in visa backlogs

Allows individuals whose prior petitions were denied due to aging out to file motions to reopen or reconsider within 2 years of enactment, with successful applicants exempt from numerical visa limitations

Authorizes dependent children of long-term nonimmigrant visa holders to work in the United States and to maintain dependent status regardless of marital status if they qualify under the age protection provisions

Allows principal beneficiaries and all derivative beneficiaries to retain the priority date from the earliest approved petition or labor certification for use on any subsequently approved petition