American Workforce Empowerment Act

12/15/2023, 3:53 PM

American Workforce Empowerment Act

This bill allows tax-preferred college savings plans (529 plans) to fund certain postsecondary certificate programs and apprenticeship programs.

The American Workforce Empowerment Act, also known as Bill 118 hr 329, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to empower American workers by providing them with more opportunities for training and education in order to enhance their skills and increase their employability.

One of the key provisions of the American Workforce Empowerment Act is the establishment of a grant program that would provide funding to states and local governments to support workforce development initiatives. This funding could be used for a variety of purposes, such as creating apprenticeship programs, offering job training courses, or providing career counseling services.

Additionally, the bill aims to streamline and improve existing workforce development programs by consolidating them into a single, cohesive system. This would make it easier for workers to access the resources and support they need to advance their careers and succeed in the modern economy. Overall, the American Workforce Empowerment Act is designed to help American workers adapt to the changing demands of the workforce and acquire the skills they need to thrive in today's economy. By investing in training and education programs, this bill seeks to empower workers and ensure that they have the tools they need to succeed in the 21st century job market.
Congress
118

Number
HR - 329

Introduced on
2023-01-12

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

1/12/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

American Workforce Empowerment Act

This bill allows tax-preferred college savings plans (529 plans) to fund certain postsecondary certificate programs and apprenticeship programs.

The American Workforce Empowerment Act, also known as Bill 118 hr 329, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to empower American workers by providing them with more opportunities for training and education in order to enhance their skills and increase their employability.

One of the key provisions of the American Workforce Empowerment Act is the establishment of a grant program that would provide funding to states and local governments to support workforce development initiatives. This funding could be used for a variety of purposes, such as creating apprenticeship programs, offering job training courses, or providing career counseling services.

Additionally, the bill aims to streamline and improve existing workforce development programs by consolidating them into a single, cohesive system. This would make it easier for workers to access the resources and support they need to advance their careers and succeed in the modern economy. Overall, the American Workforce Empowerment Act is designed to help American workers adapt to the changing demands of the workforce and acquire the skills they need to thrive in today's economy. By investing in training and education programs, this bill seeks to empower workers and ensure that they have the tools they need to succeed in the 21st century job market.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to permit 529 plans to be used for certain non-degree technical training certificate programs and apprenticeship programs.

Policy Areas
Taxation

Potential Impact
Higher education•
Student aid and college costs•
Vocational and technical education

Comments

Recent Activity

Latest Summary2/2/2023

American Workforce Empowerment Act

This bill allows tax-preferred college savings plans (529 plans) to fund certain postsecondary certificate programs and apprenticeship programs.


Latest Action1/12/2023
Referred to the House Committee on Ways and Means.