The Employment Abundance Act directs the Federal Acquisition Regulatory Council to create new regulations requiring all Federal contractors to review their job positions and identify any roles that require a college degree without a legitimate occupational need. Within one year of the bill's enactment, contractors must conduct this review and determine which degree requirements are truly necessary for job performance, then submit their findings within 180 days of the regulations taking effect. Contractors will be required to develop plans to remove unnecessary degree requirements and replace them with alternative qualifications like work experience, certifications, or skills assessments. Contractors who fail to comply face potential penalties, including ineligibility for future Federal contracts, though the bill protects degree requirements that are legally mandated or genuinely essential to job functions. This bill aims to expand employment opportunities by reducing unnecessary educational barriers for Federal contractor positions.
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