3.0.0 1939 2020-02-10T16:50:50Z 2020-02-10T16:50:50Z House H HR 2013-05-09 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KILMER:H.R. 1939.Congress has the power to enact this legislation pursuantto the following:Article I, section 8 of the Constitution of the UnitedStates[Page H2570]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2013-07-08T20:46:00Z Referred to 2013-05-09T13:05:50Z hswm00 Ways and Means Committee House Standing Referred to 2013-05-09T13:06:00Z 2013-07-08 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2013-05-09 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-05-09 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2013-05-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-05-09 Introduced in House IntroReferral 1000 9 Library of Congress K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2013-05-09 True Labor and Employment Advisory bodies Education programs funding Employee benefits and pensions Employment and training programs Government information and archives Government studies and investigations Higher education Income tax credits Income tax exclusion Performance measurement Small business State and local government operations Vocational and technical education Labor and Employment 00 2013-05-09 Introduced in House 2013-07-02T14:47:54Z Skills Investment Act of 2013 - Amends the Workforce Investment Act of 1998 (WIA) to direct the Secretary of Labor to make grants to states to establish programs for federally tax-exempt portable lifelong learning accounts containing cash contributions made by an eligible worker, the worker's employer, or a third party, or which may be made by the worker and matched by the employer, in order to pay certain education and skill development expenses to bolster the worker's existing career or transition to a new career.

Requires each account to be established as a trust administered by a governor-designated entity meeting certain requirements.

Defines "eligible worker" to mean an individual who: (1) is age 16 or older; (2) has a federally-tax exempt lifelong learning account; and (3) is employed, self-employed, or had been previously employed and is looking for work.

Requires a state governor to submit for Secretary approval a five-year state supplemental plan meeting specified minimum requirements.

Requires states to use grants to: (1) establish lifelong learning accounts programs; and (2) assist one-stop centers to provide career information, guidance, and related activities for workers seeking to establish or use a lifelong learning account, as well as information on education and skill development programs or courses of eligible providers. Authorizes a state also to use a portion of grant funds to make contributions to lifelong learning accounts meeting state criteria, such as accounts to which small- and mid-sized employers have made contributions or accounts of lower-income eligible workers.

Prescribes other state level activities and the responsibilities of state boards.

Requires local boards to submit for state governor approval local supplemental plans consistent with state supplemental plans.

Requires a trustee to establish and manage lifelong learning accounts in accordance with certain requirements.

Sets at 80% the federal share of costs for administering a lifelong learning accounts program.

Requires the Secretary to study whether, and to what degree, states should be permitted to use grant funds to make contributions to the lifelong learning accounts of eligible workers in the state.

Amends the Internal Revenue Code to: (1) allow employees a tax credit for contributions made to a lifelong learning account; (2) exclude from employee gross income any employer contributions to a lifelong learning account; (3) exempt lifelong learning accounts from federal income, Social Security, and railroad retirement taxation; (4) include any distributions out of the lifelong learning account in an account beneficiary's gross income; and (4) allow small employers a special tax credit for contributions to lifelong learning accounts of their employees and for associated administrative costs.

]]> Skills Investment Act of 2013 Short Titles as Introduced Skills Investment Act of 2013 Display Title Skills Investment Act of 2013 Official Title as Introduced To amend the Workforce Investment Act of 1998 to establish lifelong learning accounts programs, and for other purposes. Introduced in House 2013-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1939ih/xml/BILLS-113hr1939ih.xml 2013-07-08 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.