Sen. Maggie Hassan (D-NH) Introduces the Upskilling and Retraining Assistance Act (S. 3296)
Summary
On November 14, 2023, Sen. Maggie Hassan (D-NH) introduced the Upskilling and Retraining Assistance Act (S. 3296), which would update the tax code by expanding the tax exclusion from $5,250 to $12,000 for the next two years and include the cost of education-related tools and technology, with the goal of attracting and retaining a workforce skilled in AI and other emerging technologies.
Impacted Sectors
Additional Information
© 2025 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.