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Thanks for that link. Here's the part I find extremely attractive:

All who participate in the temporary worker program must have a job, or, if not living in the United States, a job offer. The legal status granted by this program will last three years and will be renewable -- but it will have an end. Participants who do not remain employed, who do not follow the rules of the program, or who break the law will not be eligible for continued participation and will be required to return to their home.
Under my proposal, employers have key responsibilities. Employers who extend job offers must first make every reasonable effort to find an American worker for the job at hand. Our government will develop a quick and simple system for employers to search for American workers. Employers must not hire undocumented aliens or temporary workers whose legal status has expired. They must report to the government the temporary workers they hire, and who leave their employ, so that we can keep track of people in the program, and better enforce immigration laws. There must be strong workplace enforcement with tough penalties for anyone, for any employer violating these laws.

I didn't see that in any of the news reports.

If we devise a system whereby the only way for a Mexican to get a job here is through legal means, illegal immigration would virtually stop. That's the key.

This isn't an immigration bill. It's a guest worker program that recognizes the reality that there are very few Americans applying to be hotel maids, agricultural labor, or other unskilled jobs in this country.