HR 1869

112th CONGRESS
1st Session

H. R. 1869

To amend the Internal Revenue Code of 1986 to establish lifelong learning accounts to provide an incentive for employees to save for career-related skills development and to promote a competitive workforce through lifelong learning.

IN THE HOUSE OF REPRESENTATIVES

May 12, 2011

Mr. LARSON of Connecticut (for himself, Mr. ROSKAM, Mr. POLIS, and Mr. PAULSEN) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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


A BILL

To amend the Internal Revenue Code of 1986 to establish lifelong learning accounts to provide an incentive for employees to save for career-related skills development and to promote a competitive workforce through lifelong learning.

SECTION 1. SHORT TITLE.

SEC. 2. LIFELONG LEARNING ACCOUNTS.

`SEC. 36D. CONTRIBUTIONS TO LIFELONG LEARNING ACCOUNTS.

SEC. 3. CREDIT FOR EMPLOYER CONTRIBUTIONS TO LIFELONG LEARNING ACCOUNTS AND ADMINISTRATIVE EXPENSES OF CERTAIN SMALL EMPLOYERS.

`SEC. 45S. LIFELONG LEARNING ACCOUNTS CREDIT.

END