ALIGN Act

Hozzl · 2024-01-13T08:15:27Z

Explore the details of House Bill 2406 ALIGN Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/13/2024, 8:15 AM

Summary of Bill HR 2406

The ALIGN Act, also known as Bill 118 hr 2406, 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 promote alignment between education and workforce needs by encouraging partnerships between educational institutions, businesses, and other stakeholders. This bill seeks to improve the coordination of education and training programs to better prepare individuals for the demands of the modern workforce.

Additionally, the ALIGN Act includes provisions to support the development of career pathways for students and workers, as well as initiatives to expand access to high-quality education and training programs. The bill also emphasizes the importance of promoting diversity and inclusion in the workforce, and seeks to address disparities in access to education and employment opportunities. Overall, the ALIGN Act is focused on improving the alignment between education and workforce needs in order to better prepare individuals for success in the 21st century economy. It aims to support the development of a skilled and diverse workforce that can meet the demands of a rapidly changing labor market.

Congressional Summary of HR 2406

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 HR 2406

Bill HR 2406 is currently in the status of Bill Introduced since March 30, 2023. Bill HR 2406 was introduced during Congress 118 and was introduced to the House on March 30, 2023. Bill HR 2406's most recent activity was Referred to the House Committee on Ways and Means. as of March 30, 2023

Bipartisan Support of Bill HR 2406

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2406

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 2406

ALIGN Act

Accelerate Long-term Investment Growth Now Act

To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.