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New Employer-Directed Skills Accounts for Workforce Training

This act changes how vocational training is funded. Companies can receive financial support for training new employees or upskilling current ones, potentially making it easier to find a job or advance a career. Citizens will gain access to training programs directly tailored to employer needs, increasing their chances of employment.
Key points
Employers can receive funding for training new hires or upskilling existing employees, potentially leading to more job opportunities with training components.
The act establishes special accounts (Employer-Directed Skills Accounts) from which companies can cover part of training costs, with the government covering the rest.
The employer's financial contribution depends on company size: small businesses (up to 50 employees) pay 10%, medium (51-100) 25%, and large (over 100) 50% of training costs.
Training programs must be selected by the employer and lead to employment or a recognized credential, increasing their practical value for participants.
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Introduced
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Additional Information
Print number: 119_HR_4049
Sponsor: Rep. Stefanik, Elise M. [R-NY-21]
Process start date: 2025-06-17