Search Results: keywords:"employers"

  • S. 4670 — To amend the Workforce Innovation and Opportunity Act regarding employer-directed skills development, and for other purposes.
    Status:Introduced in Senate
    Words:1,412

    The bill, titled the Employer-Directed Skills Act, seeks to amend the Workforce Innovation and Opportunity Act to support skills development that is directed by employers. It introduces the concept of "employer-directed skills development," which is training selected by...

    Simple Explanation

    The Employer-Directed Skills Act wants to make it easier for companies to help their employees learn new skills by having businesses choose what training is needed and pay a part of it, but how much they pay depends on the size of the company.

  • H. R. 7852 — To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax for employees who participate in qualified apprenticeship programs.
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    Status:Introduced in House
    Words:1,085

    The proposed bill, H. R. 7852, aims to amend the Internal Revenue Code of 1986 to provide employers with an income tax credit for employees participating in qualified apprenticeship programs. The bill specifies that the credit amount is $1,500 for apprenticeship employees...

    Simple Explanation

    The bill lets companies save money by getting a tax credit when they train young people in special job programs called apprenticeships. Companies get a bigger credit if the person is under 25 years old.

  • H. R. 7293 — To amend the Internal Revenue Code of 1986 to provide rules for automatic contribution retirement plans and arrangements.
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    Status:Introduced in House
    Words:6,402

    H.R. 7293, titled the "Automatic IRA Act of 2024," aims to amend the Internal Revenue Code to establish rules for automatic contribution retirement plans and arrangements. This bill mandates employers to offer automatic IRA arrangements that meet specific notice, eligibility, contribution,...

    Simple Explanation

    H.R. 7293 is about making it easier for people to save money for when they are older by having their jobs automatically put money into special savings accounts. It also wants to give small businesses some reward money to help with this, but they might face some money penalties if they don't follow the rules.