21st Century Jobs Act: Investing in Technology and Education
This act aims to boost public investment in technological research and development by establishing a Federal Institute of Technology and local innovation boards. It provides support for STEM and computer science education, along with tax credits for employers hiring SMART grant recipients, intending to create new jobs and improve access to quality education in specific regions.
Key points
Establishes a Federal Institute of Technology and up to 30 local boards over 10 years, fostering technology development in regions that do not possess a leading technology center.
Authorizes funding for science and technology research and development, with an authorization amount reaching $112.5 billion for fiscal year 2031.
Introduces computer science education grants for eligible entities (e.g., educational agencies) to train teachers and develop curricula.
Creates the SMART Students Everywhere Grant program for STEM students, particularly from areas with low college graduation rates or minority backgrounds, offering grants up to $20,000 annually for graduate students.
Provides tax credits for employers hiring SMART grant recipients.
Requires employers to report detailed employee information, including country of residence and revenue generated in each country.
Expired
Additional Information
Print number: 117_HR_4461
Sponsor: Rep. Khanna, Ro [D-CA-17]
Process start date: 2021-07-16