H.R. 9607 (IH) – Workforce of the Future Act of 2024
Summary:
H.R. 9607, also known as the Workforce of the Future Act of 2024, is a comprehensive piece of legislation that aims to address the evolving needs of the American workforce in the face of technological advancements and globalization. The bill outlines a series of initiatives designed to enhance training, education, and job opportunities for workers, particularly those who are displaced or at risk of displacement due to automation or other economic changes.
Key Provisions:
- Establishment of the Workforce of the Future Innovation Fund: A $5 billion fund to support research, development, and implementation of innovative programs and technologies that enhance workforce development.
- Expansion of Registered Apprenticeship Programs: Provides funding for the expansion of registered apprenticeship programs in high-demand fields, ensuring that workers have access to quality, hands-on training.
- Creation of Workforce Development Centers: Establishes a network of community-based centers that provide training, job placement assistance, and other support services to workers seeking to enter or re-enter the workforce.
- Increased Funding for Skill Training Programs: Allocates additional funding for programs that provide workers with training in high-demand skills, such as coding, data analytics, and advanced manufacturing.
- Enhanced Access to Education and Training: Expands access to affordable postsecondary education and training through grants and scholarship programs.
- Establishment of a Workforce of the Future Advisory Council: Creates a council of experts from industry, labor, and education to advise on the development and implementation of workforce development programs.
Goals:
The Workforce of the Future Act of 2024 aims to achieve the following goals:
- Prepare workers for the future demands of the economy: By providing accessible and affordable training, the bill seeks to equip workers with the skills and knowledge necessary to succeed in an evolving job market.
- Reduce unemployment and economic inequality: The bill addresses the challenges faced by displaced workers and those seeking to re-enter the workforce, aiming to create a more equitable and inclusive labor market.
- Promote economic growth and innovation: By investing in workforce development, the bill aims to foster a highly skilled workforce that can drive economic growth and competitiveness.
Current Status:
As of March 1, 2023, H.R. 9607 has been introduced in the House of Representatives but has not yet been scheduled for a vote. The bill has bipartisan support and has been referred to the Committee on Education and Labor for further consideration.
H.R. 9607 (IH) – Workforce of the Future Act of 2024
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