A bill to bolster the domestic workforce by encouraging communication between career and technical education institutions and emphasizing potential employment opportunities, to amend the Internal Revenue Code of 1986 to treat certain costs relating to career and technical education as qualified higher education expenses for purposes of section 529 programs, and for other purposes.
About This Bill
Committee
Latest Action · October 17, 2019
Read twice and referred to the Committee on Finance.
Generating Real Opportunities for Workforce Training and Hiring Act or the GROWTH Act
This bill sets forth provisions to promote career and technical education and establish highway construction workforce development initiatives.
Specifically the bill
expands tax-exempt tuition programs (529 plans) to allow plans to pay transportation costs for attendance at workforce training programs and to repay student loan amounts, directs the Department of Transportation to make grants to establish highway construction workforce initiatives to attract, train, and place workers into highway construction careers, extends and expands the program for reimbursement of military spouses for professional relicensing costs due to a permanent change in duty station, and includes workforce development as an objective of the loan guaranty program of the Small Business Administration.
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