HB1477
Type: B Origin: House Comments: 0

Freedom To Invest In Tomorrow's Workforce Act

Latest Action: Introduced in House

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The "Freedom to Invest in Tomorrow's Workforce Act" is a federal bill aimed at expanding access to apprenticeship programs by allowing employers to use tax-advantaged 529 savings accounts to cover the costs associated with these programs. The bill intends to encourage more individuals to pursue apprenticeships as a pathway to acquiring valuable skills and entering the workforce. By enabling the use of 529 accounts for this purpose, the bill seeks to make apprenticeships more financially feasible for both employers and workers. This legislation could potentially lead to an increase in the number of individuals participating in apprenticeship programs, thereby enhancing workforce development and addressing skills gaps in various industries.

Bill Activity

  • 2023-03-08: Introduced in House

  • 2023-03-08: Referred to the House Committee on Ways and Means.

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Cosponsors (147)

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