What is the official ID of this bill?
The official print number for this legislation is HR 4389.
New Collar Jobs Act: Boosting Cybersecurity Workforce and Education
This act aims to expand the cybersecurity workforce in the U.S. It introduces tax credits for companies training employees, offers student loan repayment assistance for cybersecurity professionals in distressed areas, and increases funding for educational programs. This provides citizens with new job opportunities and financial support in this growing industry.
Key points
Businesses can receive a tax credit of up to 50% of costs (maximum $5,000 per employee) for cybersecurity education, potentially leading to more training and skilled workers.
Individuals working in cybersecurity in economically distressed areas may have up to $25,000 of their federal student loan debt canceled after 36 months of payments and employment in those areas.
Increased funding for CyberCorps scholarship programs and advanced technology education, meaning more learning and development opportunities for students interested in cybersecurity.
Companies investing in cybersecurity training can gain an advantage in competitive government contracts over $5 million, encouraging skill development in this field.
Status:
Expired
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