This bill aims to impose a significant limitation on the enrollment of foreign students at universities participating in the Student and Exchange Visitor Program (SEVP). Specifically, it mandates that the number of F and M nonimmigrant students enrolled at any certified university cannot exceed 10 percent of its total student population in a given academic year. However, the legislation includes a provision for a waiver, which can be issued by the President or the Secretary of Homeland Security. Such a waiver would be granted only for reasons of national security or if it is deemed to be in the broader interests of the United States. If a waiver is approved, the maximum allowable enrollment for foreign students at that university would then be capped at 15 percent of its student population.