Can you elaborate?

My understanding:

Before: Need $50k in bank, register business, sponsor yourself for a visa

Result - lots of people just abusing the system for a visa

After: Need $300k, must hire at least one local, must show a profit of $200k within 2 years. Must be reviewed by the government multiple times a year to show your business is serious

I can see some issues. If you want to start a company that requires a year or more of R&D before you can ship you're S.O.L.