STEM Education, Workforce Training, and Distressed Community Investment Act.
This act aims to improve access to engineering and technical education for students, develop workforce training programs, and support investments in economically distressed regions. It introduces new opportunities for skill acquisition and qualifications, and encourages faster re-entry into the labor market.
Key points
New grant programs for elementary and secondary schools to teach engineering and technology.
Development of apprenticeship and internship programs to facilitate labor market entry.
Financial support for employers creating new apprenticeship positions.
Introduction of reemployment bonuses for unemployed individuals who quickly find new jobs.
Possibility of receiving "wage insurance" for individuals who find lower-paying jobs after unemployment.
Establishment of the Distressed Community Investment Agency to support economic development in weaker regions.
Renaming the Department of Commerce to the Department of Innovation and Investment.
Expired
Additional Information
Print number: 117_HR_594
Sponsor: Rep. Ryan, Tim [D-OH-13]
Process start date: 2021-01-28