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The hold is meaningless

Are these meaningless? From https://www.tedcruz.org/cruz-immigration-plan/:

Amend the H-1B visa program to fulfill its original purpose: Work with Congress to pass reform legislation for the H-1B visa program that will:

Create an advanced degree requirement: Only individuals with advanced degrees in their respective fields may be brought to the United States with an H-1B visa. And preference will be given to those with advanced degrees from American universities.
Create a "layoff cool-off" period for all H-1B visa applications: Companies must wait one or two years between laying off a worker and bringing in any H-1B foreign workers to ensure that the program is not used to displace American workers.
Establish accreditation or recognition requirements for overseas schools: The recent lack of federal oversight of the H-1B visa program has fueled a cottage industry of diploma mills. Foreign academic institutions must meet minimum accreditation standards at least as stringent as those imposed on American universities in order to qualify for the advanced-degree requirement.
Require sworn affidavits describing domestic hiring efforts: Companies will provide sworn statements and documentation that detail their efforts to hire Americans before requesting foreign workers through the H-1B visa program. Individuals who make false statements in these affidavits will be subject to perjury charges.
Suspend companies from H-1B visa eligibility for failure to help foreign workers obtain green cards: Many companies misuse the H-1B visa program to train foreign workers that they intend to send back overseas to compete with America. The law must impose additional requirements on employers to pursue Legal Permanent Resident status on behalf of their H-1B visa-based foreign workers, or risk loss of access to the program.

"Ted Cruz, Jeff Sessions Roll Out Antidote To Broken H-1B Program: American Jobs First Act" - http://www.freerepublic.com/focus/news/3371276/posts