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.
2023-03-08: Introduced in House
2023-03-08: Referred to the House Committee on Ways and Means.
Contribute Your Insights: Add a Unique Perspective to Political Bills. Your Contribution will be Featured Below the Primary Bill, Ordered by Date Added.
No Reviews found ..