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# Summary of S. 5055, National Workforce Transition Fund Act of 2026 This bill establishes a National Workforce Transition Fund and Board to help workers and employers adapt to job losses and disruptions caused by artificial intelligence and emerging technology. The legislation creates a $3 billion fund (through tax changes on AI data centers) and establishes a new National Workforce Transition Board led by the Labor, Education, and Commerce Secretaries, with equal representation from business, labor organizations, and government agencies. The fund supports four main activities: modernizing labor market information systems to track AI-related job disruptions; providing workers with training, education, and transition assistance through individual training accounts and credential programs; offering grants to employers for worker retention and redeployment efforts; and piloting innovative support programs like wage insurance and apprenticeships. Workers don't need to prove that AI specifically caused their job loss to receive assistance; eligibility is based on labor market indicators like unemployment claims and wage trends. The bill is funded by eliminating a tax depreciation benefit for AI data centers and transferring the resulting revenue to the fund. All programs and authorities sunset after five years, at which point Congress will review whether to extend them based on labor market conditions. The Secretary of Labor must report to Congress on program effectiveness, worker outcomes, and employer participation.

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