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Upskilling and Retraining Assistance Act

12/15/2023, 4:09 PM

Summary of Bill S 3296

Bill 118 s 3296, also known as the Upskilling and Retraining Assistance Act, is a piece of legislation introduced in the US Congress aimed at providing support for individuals looking to enhance their skills and receive training for new job opportunities. The bill focuses on helping workers who may have been displaced or are at risk of losing their jobs due to technological advancements or other factors.

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. These programs would be designed to help individuals gain new skills and certifications in high-demand industries, such as healthcare, technology, and advanced manufacturing.

Additionally, the bill includes provisions for career counseling and job placement services to assist participants in finding employment opportunities after completing their training. It also emphasizes the importance of partnerships between employers, educational institutions, and government agencies to ensure that the training programs align with the needs of the labor market. Overall, the Upskilling and Retraining Assistance Act aims to address the growing need for workers to adapt to changing job requirements and technological advancements. By investing in upskilling and retraining programs, the bill seeks to help individuals secure stable and well-paying jobs in industries with promising growth prospects.

Current Status of Bill S 3296

Bill S 3296 is currently in the status of Bill Introduced since November 14, 2023. Bill S 3296 was introduced during Congress 118 and was introduced to the Senate on November 14, 2023.  Bill S 3296's most recent activity was Read twice and referred to the Committee on Finance. as of November 14, 2023

Bipartisan Support of Bill S 3296

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
6
Democrat Cosponsors
2
Republican Cosponsors
4
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3296

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 3296

Upskilling and Retraining Assistance Act
Upskilling and Retraining Assistance Act
A bill to amend the Internal Revenue Code of 1986 to expand and modify employer educational assistance programs, and for other purposes.

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