I know nothing about this issue:
Can anyone tell me if this has any meaningful and direct impact on my life?
It will not.
Illegal immigrants benefit you and every other American by their presence. They lower prices and pay taxes into the system without receiving nearly as many benefits in return as legal citizens. They often strengthen the dollar by sending their money back home.They are, for the most part, much harder workers than ordinary citizens,
more law abiding, and in general better Americans because they risked their lives to come here and understand in every fiber of their beings what a great country this is- they appreciate more than many of those who are born here.So giving a portion of them legal status will not affect your life except to help maintain the prosperity these people bring us. Only by forcibly deporting illegal immigrants would your life be affected in a negative manner.