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New Collar Jobs Act of 2021
12/31/2022, 5:07 AM
Summary of Bill HR 4389
Key provisions of the bill include funding for apprenticeship programs, grants for community colleges and technical schools to develop new training programs, and partnerships between businesses and educational institutions to ensure that training programs align with industry needs. The bill also includes measures to support veterans, individuals with disabilities, and other underrepresented groups in accessing training and job opportunities in these industries.
Overall, the New Collar Jobs Act of 2021 seeks to bridge the skills gap in high-demand industries and provide individuals with the training and education they need to secure well-paying jobs in these fields. The bill has received bipartisan support in Congress and is seen as a positive step towards addressing the workforce needs of the future.
Congressional Summary of HR 4389
New Collar Jobs Act of 2021
This bill provides incentives for cybersecurity education.
Specifically, the bill establishes an employee cybersecurity education tax credit for an employer who incurs costs for an employee who earns a certain cybersecurity certificate or degree. If a business claims such a credit, then federal agencies must award a score increase to each competitive proposal submitted by the business for a federal contract valued at more than $5 million.
In addition, the Department of Education must cancel eligible student loans for borrowers who have (1) made 36 consecutive monthly payments, and (2) held a cybersecurity job in an economically distressed area during at least 12 months of payments.
Finally, the bill makes cybersecurity course instructors eligible for awards under the CyberCorps Scholarship for Service program.
