This bill amends federal workforce development law to help workers get credit for skills and knowledge they already have without needing additional formal education. The legislation requires states to work with employers, schools, and training organizations to create assessments that measure what workers know and can do, then allow those workers to earn industry-recognized credentials or college credits based on those assessments rather than starting from scratch. The bill also helps workers create skills-based resumes and portfolios to show employers their capabilities, and encourages employers to hire based on demonstrated skills rather than requiring traditional degrees. Additionally, it allows states to provide technical assistance to employers who want to adopt skills-based hiring practices. The bill does not specify new funding amounts or implementation timelines, leaving those details to be determined through the existing workforce development system.