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There is a summary of Bill's bill, some of good things claimed in immigration-law.com do not seems there. But the leftover is good enough. The follwoing is what I found in the summary.

The 290,000 ceiling for employment-based immigrant visas is redistributed among the employment-based immigrant visa categories and certain modifications are made to current categories. 15% is allocated to the first preference -- aliens with extraordinary ability, outstanding professors and researchers, and multinational executives and managers. 15% is allocated to the second preference -- aliens holding advanced degrees or having exceptional ability. 35% is allocated to the third preference -- skilled workers and professionals. 5% is allocated to a re-designated fourth preference – investors. 30% is allocated to a re-designated fifth preference -- other workers performing labor or services (previously included in third preference).
Section 404. – Relief for Minor Children
Section 404 amends the immediate relative category to allow the children of spouses and parents of U.S. citizens to obtain legal status and travel to the United States with their families.
Section 405. Student Visas.
Section 405 extends foreign students’ post-curricular Optional Practical Training (and F-1 status) to 24 months. It also creates a new “F-4” student visa for students pursuing an advanced degree candidates studying in the fields of math, engineering, technology or the physical sciences. The new visa would allow eligible students to either to return to their country of origin or remain in the United States for up to one year and seek employment in their relevant field of study. Once such a student received such an offer of employment, the individual would be allowed to adjust status to that of a legal permanent resident once the alien paid a $1,000 fee and completed necessary security clearances. Eighty percent of this fee would be deposited into a fund for job training and scholarships for American workers, while twenty percent of the fee would go toward fraud prevention.
Section 406. Visas for Individuals with Advanced Degrees.
Section 406 exempts from the numerical cap on employment-based visas aliens with advanced degrees in science, technology, engineering, or math, and has worked in a related field in the US during the 3 year period preceding their application for adjustment of status. It also exempts immediate relatives of aliens who are admitted as employment-based immigrants from the numerical limitations of 203(b). Finally, it increases the available visas numbers for H-1B non-immigrants and provides an exemption from the numerical limitation aliens who have earned advanced degrees in science, technology, engineering, or math. The numerical limitation is also supplemented with a flexible limitation that is set according to demand for foreign high-skilled workers.
Section 407. Medical Services in Underserved Areas.
Section 407 permanently authorizes the current J-1 visa waiver program. Under this program, participating states are allocated 30 J-1 visa waivers, which enables them to waive the 2 year
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home residency requirement for medical students and physicians who serve in “medically underserved areas” upon completion of their J-1 program. The program has been reauthorized twice before and is now set to expire on June 1, 2006