WATCH: President Trump introduces immigration reform RAISE Act

Update: This event has ended.

Republican Senators Tom Cotton and David Perdue are set to join President Trump on Wednesday in introducing a bill meant to overhaul the U.S. immigration system.

The Reforming American Immigration for a Strong Economy Act -- or RAISE Act -- is described by the White House as "aimed at creating a skills-based immigration system that will make America more competitive, raise wages for American workers, and create jobs. Americans deserve a raise."

RELATED: Faces of Trump's immigration crackdown

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Faces of Trump's immigration crackdown
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Faces of Trump's immigration crackdown
Mexican national Adalberto Magana-Gonzalez, 44, waits to be processed after being taken into custody by a U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES. TPX IMAGES OF THE DAY.
Mexican national Adalberto Magana-Gonzalez, 44, has his fingerprints taken after being taken into custody by a U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
The badge of a U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team is seen in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field (R), 53, arrests Mexican national Adalberto Magana-Gonzalez, 44, in San Clemente, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
Mexican national Adalberto Magana-Gonzalez, 44, waits to be processed after being taken into custody by a U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field (R), 53, arrests Mexican national Adalberto Magana-Gonzalez, 44, in San Clemente, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
A U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team takes immigration fugitives into custody in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
Handcuffs lie in a box at the U.S. Immigration and Customs Enforcement (ICE) Fugitive Operations office in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field (L), 53, arrests an Iranian immigrant in San Clemente, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field (R), 53, and Field Office Director David Marin arrest an Iranian immigrant in San Clemente, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
U.S. Immigration and Customs Enforcement (ICE) Assistant Field Office Director Jorge Field, 53, arrests an Iranian immigrant in San Clemente, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
A U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team member arrests an Iranian immigrant in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
A U.S. Immigration and Customs Enforcement's (ICE) Fugitive Operations team search for an immigration fugitive in Santa Ana, California, U.S., May 11, 2017. REUTERS/Lucy Nicholson SEARCH "NICHOLSON ARREST" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.
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