ALIGN Act

Hozzl · 2024-03-12T07:43:10Z

Explore the details of Senate Bill 1117 ALIGN Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

3/12/2024, 7:43 AM

Summary of Bill S 1117

The ALIGN Act, also known as Bill 118 s 1117, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues related to workforce development and education in the United States.

The ALIGN Act aims to improve the alignment between education and workforce needs by promoting partnerships between educational institutions, businesses, and other stakeholders. This includes encouraging the development of industry-recognized credentials and certifications, as well as expanding access to work-based learning opportunities for students.

Additionally, the bill seeks to increase transparency and accountability in workforce development programs by requiring regular reporting on outcomes and performance metrics. It also aims to streamline and coordinate existing federal workforce development programs to ensure they are effectively meeting the needs of both employers and workers. Overall, the ALIGN Act is focused on improving the connection between education and the workforce in order to better prepare individuals for the jobs of the future. It emphasizes the importance of collaboration between educational institutions and employers to ensure that students are equipped with the skills and knowledge needed to succeed in the workforce.

Congressional Summary of S 1117

Accelerate Long-term Investment Growth Now Act or the ALIGN Act

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

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Current Status of Bill S 1117

Bill S 1117 is currently in the status of Bill Introduced since March 30, 2023. Bill S 1117 was introduced during Congress 118 and was introduced to the Senate on March 30, 2023. Bill S 1117's most recent activity was Read twice and referred to the Committee on Finance. as of March 30, 2023

Bipartisan Support of Bill S 1117

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 1117

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1117

ALIGN ActALIGN ActAccelerate Long-term Investment Growth Now ActA bill to amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.

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