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Workforce Investment Disclosure Act of 2023

3/13/2024, 5:07 PM

Summary of Bill S 2751

Bill 118 s 2751, also known as the Workforce Investment Disclosure Act of 2023, aims to increase transparency and accountability in workforce development programs. The bill requires the Department of Labor to publish detailed information on the outcomes of these programs, including job placement rates, earnings of program participants, and completion rates. This information will be made available to the public on a user-friendly website, allowing individuals to make informed decisions about which programs are most effective in helping them achieve their career goals.

Additionally, the bill requires states to submit annual reports to the Department of Labor detailing the performance of their workforce development programs. States that fail to meet certain performance benchmarks may face consequences, such as reduced funding or increased oversight.

Overall, the Workforce Investment Disclosure Act of 2023 aims to improve the effectiveness of workforce development programs by providing individuals with the information they need to make informed decisions about their career paths. By increasing transparency and accountability, the bill seeks to ensure that taxpayer dollars are being used efficiently and effectively to help individuals gain the skills they need to succeed in the workforce.

Current Status of Bill S 2751

Bill S 2751 is currently in the status of Bill Introduced since September 11, 2023. Bill S 2751 was introduced during Congress 118 and was introduced to the Senate on September 11, 2023.  Bill S 2751's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 11, 2023

Bipartisan Support of Bill S 2751

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2751

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 2751

Workforce Investment Disclosure Act of 2023
Workforce Investment Disclosure Act of 2023
A bill to amend the Securities Exchange Act of 1934 to require issuers to disclose to the Securities and Exchange Commission information regarding workforce management policies, practices, and performance, and for other purposes.

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