Workforce Development Investment Act of 2023

Hozzl · 2023-12-15T16:00:41Z

Explore the details of House Bill 4685 Workforce Development Investment Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 4:00 PM

Summary of Bill HR 4685

The Workforce Development Investment Act of 2023, also known as Bill 118 hr 4685, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to invest in and improve workforce development programs across the country.

One key aspect of the bill is the establishment of a grant program to provide funding to states and localities for workforce development initiatives. These grants would be used to support job training programs, apprenticeships, and other initiatives aimed at helping individuals gain the skills they need to succeed in the workforce.

Additionally, the bill includes provisions to strengthen partnerships between employers, educational institutions, and workforce development agencies. This would help ensure that training programs are aligned with the needs of employers and that individuals are receiving the skills that are in demand in the job market. The Workforce Development Investment Act of 2023 also includes measures to improve data collection and evaluation of workforce development programs. This would help policymakers and stakeholders better understand the effectiveness of these programs and make informed decisions about how to allocate resources in the future. Overall, this bill aims to support the growth of a skilled workforce in the United States and help individuals access the training and education they need to succeed in the modern economy. It represents a bipartisan effort to invest in the future of American workers and ensure that they have the tools they need to thrive in the workforce.

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Current Status of Bill HR 4685

Bill HR 4685 is currently in the status of Bill Introduced since July 17, 2023. Bill HR 4685 was introduced during Congress 118 and was introduced to the House on July 17, 2023. Bill HR 4685's most recent activity was Referred to the House Committee on Ways and Means. as of July 17, 2023

Bipartisan Support of Bill HR 4685

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 4685

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4685

Workforce Development Investment Act of 2023

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.