Workforce Development Investment Act of 2022

Hozzl · 2022-12-30T04:33:57Z

Explore the details of House Bill 6778 Workforce Development Investment Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 4:33 AM

Summary of Bill HR 6778

Bill 117 HR 6778, also known as the Workforce Development Investment Act of 2022, aims to address the growing need for skilled workers in the United States. The bill focuses on investing in workforce development programs to help individuals gain the skills and training needed to secure high-quality jobs.

One key aspect of the bill is the establishment of a National Workforce Development Fund, which will provide funding to states and localities to support workforce training programs. This fund will prioritize programs that target underserved populations, such as low-income individuals, veterans, and individuals with disabilities.

Additionally, the bill includes provisions to strengthen partnerships between employers and educational institutions to ensure that training programs are aligned with the needs of the labor market. This will help to bridge the skills gap and ensure that individuals are prepared for in-demand jobs. Furthermore, the bill emphasizes the importance of data collection and evaluation to measure the effectiveness of workforce development programs. This will help to ensure that taxpayer dollars are being used efficiently and that programs are achieving their intended outcomes. Overall, the Workforce Development Investment Act of 2022 seeks to support the growth of a skilled workforce in the United States by investing in training programs, strengthening partnerships between employers and educational institutions, and promoting data-driven decision-making.

Congressional Summary of HR 6778

Workforce Development Investment Act of 2022

This bill allows employers new tax credits for (1) partnering with qualified educational institutions (i.e., any community college, any other institution of higher education, and any area career and technical education school) to improve workforce development and job training for students; and (2) certain job training program expenses.

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Current Status of Bill HR 6778

Bill HR 6778 is currently in the status of Bill Introduced since February 18, 2022. Bill HR 6778 was introduced during Congress 117 and was introduced to the House on February 18, 2022. Bill HR 6778's most recent activity was Referred to the House Committee on Ways and Means. as of February 18, 2022

Bipartisan Support of Bill HR 6778

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 6778

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6778

Workforce Development Investment Act of 2022

To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax as an incentive to partner with educational institutions to improve workforce development and job training for students and a credit against income tax for certain expenses of job training programs.