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Upskilling and Retraining Assistance Act
12/30/2022, 1:34 PM
Summary of Bill HR 4411
Bill 117 HR 4411, also known as the Upskilling and Retraining Assistance Act, aims to provide support for workers who are looking to enhance their skills and receive additional training in order to advance their careers. The bill focuses on helping individuals who may be at risk of losing their jobs due to technological advancements or other factors that require them to acquire new skills.
The Upskilling and Retraining Assistance Act proposes the establishment of a grant program that would provide funding to eligible entities, such as community colleges, workforce development boards, and other training providers, to offer upskilling and retraining programs to workers. These programs would focus on teaching in-demand skills that are needed in today's rapidly changing job market.
Additionally, the bill includes provisions for outreach and support services to help workers navigate the training programs and access resources to assist them in finding new job opportunities. It also emphasizes the importance of partnerships between employers, educational institutions, and government agencies to ensure that the training programs are aligned with the needs of the labor market. Overall, the Upskilling and Retraining Assistance Act aims to support workers in adapting to the changing demands of the workforce and equip them with the skills they need to succeed in their careers. By investing in upskilling and retraining programs, the bill seeks to help individuals stay competitive in the job market and secure stable employment opportunities.
The Upskilling and Retraining Assistance Act proposes the establishment of a grant program that would provide funding to eligible entities, such as community colleges, workforce development boards, and other training providers, to offer upskilling and retraining programs to workers. These programs would focus on teaching in-demand skills that are needed in today's rapidly changing job market.
Additionally, the bill includes provisions for outreach and support services to help workers navigate the training programs and access resources to assist them in finding new job opportunities. It also emphasizes the importance of partnerships between employers, educational institutions, and government agencies to ensure that the training programs are aligned with the needs of the labor market. Overall, the Upskilling and Retraining Assistance Act aims to support workers in adapting to the changing demands of the workforce and equip them with the skills they need to succeed in their careers. By investing in upskilling and retraining programs, the bill seeks to help individuals stay competitive in the job market and secure stable employment opportunities.
Congressional Summary of HR 4411
Upskilling and Retraining Assistance Act
This bill increases to $12,000 in 2021-2022, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.
The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).
Read the Full Bill
Current Status of Bill HR 4411
Bill HR 4411 is currently in the status of Bill Introduced since July 13, 2021. Bill HR 4411 was introduced during Congress 117 and was introduced to the House on July 13, 2021. Bill HR 4411's most recent activity was Referred to the House Committee on Ways and Means. as of July 13, 2021
Bipartisan Support of Bill HR 4411
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
6Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4411
Primary Policy Focus
TaxationPotential Impact Areas
- Computers and information technology
- Educational technology and distance education
- Employee benefits and pensions
- Employment and training programs
- Income tax exclusion
- Internet and video services
- Internet, web applications, social media
- Licensing and registrations
- Student aid and college costs
- Vocational and technical education
Alternate Title(s) of Bill HR 4411
Upskilling and Retraining Assistance Act
To amend the Internal Revenue Code of 1986 to expand and modify employer educational assistance programs, and for other purposes.
Upskilling and Retraining Assistance Act
Comments
Sponsors and Cosponsors of HR 4411
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