GO
Loading...

Zuckerberg Launching Political Group to Tackle Immigration Reform: Report

Mark Zuckerberg
Getty Images
Mark Zuckerberg

Mark Zuckerberg is putting his money where his mouth is and organizing a political group to help change the U.S. immigration system.

The Facebook founder — who has been vocal about the need for reform — is creating an advocacy group comprised of technology leaders, who will push for legislative reform on immigration, education and other related issues, according to a recent report from the Wall Street Journal.

(Read More: Why Immigration Reform May Happen This Year)

The political group will reportedly be formally announced during the next few weeks, and will function as a nonprofit organization.

Zuckerberg aims to raise $50 million for the organization, and is helping to fund the group with his own money, as well as funds from other tech executives including LinkedIn, the report stated.

(Read More: How Lack of Immigration Reform Harms Startups, US Economy)

News of the immigration focused political group comes as the tech industry has actively been pressing the government for an overhaul of the immigration system so that the sector can recruit and retain highly skilled tech employees.

Earlier this month, 100 top tech executives signed a letter urging President Barack Obama and Congress to approve legislation this year that would make the immigration system more flexible.

(Read More: Our Massively One-Sided Immigration Debate)

Zuckerberg, along with other tech leaders — including Google's chairman Eric Schmidt, Intel CEO Paul Otellini and Yahoo CEO Marissa Mayer — all signed the letter, which argues that by keeping skilled workers out of the U.S., the government is hurting the economy.

According to the letter, the tech leaders endorse the Immigration Innovation Act of 2013 and the Start-Up Visa Act. Both pieces of legislation would help boost innovation by allowing companies to employ the skilled workers they need, the letter stated.

Symbol
Price
 
Change
%Change
FB
---
LINKEDIN
---
GOOGL
---
YHOO
---
INTC
---

Featured

Contact Technology

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Squawk Alley