Complex sentence: The proposed law would create a new class of W-visas for lower-skilled temporary workers, as well as a new agency, the Bureau of Immigration and Market Research, to set annual caps on visas and monitor the program.
Split into simpler sentences: The proposed law would create a new class of W-visas for lower-skilled temporary workers. A new agency would be created, the Bureau of Immigration and Market Research, to set annual caps on visas and monitor the program.