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Support for Cybersecurity Education and Job Growth

This act aims to boost the number of cybersecurity professionals through tax credits for companies training employees, student loan repayment assistance for those working in the field in distressed areas, and increased funding for educational programs. This is intended to help protect against cyberattacks and create new job opportunities.
Key points
Businesses can receive a tax credit of up to 50% of costs (maximum $5,000 per employee) for cybersecurity employee education, potentially leading to more training and improved workforce skills.
Individuals working in cybersecurity in economically distressed areas may have up to $25,000 of their federal student loan debt canceled after 3 years of employment, easing financial burdens and encouraging work in these regions.
Increased funding for cybersecurity scholarship and education programs aims to prepare more students for careers in this critical industry.
Companies investing in cybersecurity training for their employees may receive a 5% score increase when bidding on large government contracts, incentivizing skill development in this area.
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Expired
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Additional Information
Print number: 118_HR_3429
Sponsor: Rep. Lieu, Ted [D-CA-36]
Process start date: 2023-05-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

New Collar Jobs Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3429.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-17.

What are the main provisions?

Key points include:

  • Businesses can receive a tax credit of up to 50% of costs (maximum $5,000 per employee) for cybersecurity employee education, potentially leading to more training and improved workforce skills.
  • Individuals working in cybersecurity in economically distressed areas may have up to $25,000 of their federal student loan debt canceled after 3 years of employment, easing financial burdens and encouraging work in these regions.
  • Increased funding for cybersecurity scholarship and education programs aims to prepare more students for careers in this critical industry.
  • Companies investing in cybersecurity training for their employees may receive a 5% score increase when bidding on large government contracts, incentivizing skill development in this area.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lieu, Ted [D-CA-36].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Labor Education Taxes Security Economy