Real News:' Breaking Down the New Immigration Reform Plan Introduced by Republican Senators

Two senior, retiring Senate Republicans unveiled their Immigration Reform bill in response to the Dream Act Tuesday--the Achieve Act. Arizona Sen. Jon Kyl and Texas Sen. Kay Bailey Hutchinson have been working on the bill for a year, which Fox News reports would provide legal status for hundreds of thousands of young undocumented immigrants brought to America as children. The Republican bill, which is highly unlikely to pass in this lame duck session, differs from the Dream Act for it requires applicants to have entered the U.S. before the age of 14 rather 16, and does not offer a special path to U.S. citizenship. Sens. John McCain and Marco Rubio consulted on the bill, even as Rubio is planning on submitting his own proposal on Immigration reform in 2013.

The news comes the same day President Barack Obama met with Mexican President-elect Enrique Pena-Nieto, who claims to fully support the president's plans on Immigration reform.

On "Real News" Wednesday, the panel debated whether or not the Achieve Act is a good plan, or a hasty reaction to the GOP's misery with the Latino vote last cycle. Watch a clip below: