21st Century Jobs Act

21st Century Jobs Act

This bill establishes an independent agency to be known as the Federal Institute of Technology in the executive branch of the federal government.

The bill provides for a Board of Directors for the institute, which shall establish a minimum of 10 local boards.

The Board of Directors shall develop requirements for each local board based on the comprehensive strategy of the local board.

Each local board shall establish a research hub and oversee the activities of such hub.

Bill 117 HR 4461, also known as the 21st Century Jobs Act, is a piece of legislation introduced in the US Congress with the aim of promoting job growth and economic development in the United States. The bill focuses on several key areas to achieve this goal.

One of the main provisions of the bill is the establishment of a grant program to support workforce training and development initiatives. This program would provide funding to states and local governments to help them create and expand job training programs in high-demand industries. By investing in workforce development, the bill aims to equip workers with the skills they need to succeed in the modern economy.

Additionally, the 21st Century Jobs Act includes measures to support small businesses and entrepreneurs. The bill proposes to streamline regulations and reduce red tape for small businesses, making it easier for them to start and grow their operations. By fostering a more business-friendly environment, the bill aims to encourage entrepreneurship and innovation, leading to job creation and economic growth. Furthermore, the bill includes provisions to support research and development in key industries such as technology, healthcare, and renewable energy. By investing in research and innovation, the bill aims to drive technological advancements and create new opportunities for job growth in cutting-edge industries. Overall, the 21st Century Jobs Act is a comprehensive piece of legislation that seeks to promote job growth and economic development in the United States through workforce training, support for small businesses, and investment in research and innovation. If passed, the bill has the potential to create new opportunities for American workers and businesses, driving economic growth and prosperity in the 21st century.