THE WORKFORCE INVESTMENT ACT
The Workforce Investment Act of 1998 reformed job-training programs by creating a comprehensive workforce investment system. Its goals are to create a customer-focused system to help Americans find tools to manage their careers by providing information and high-quality services and to help U.S. companies find skilled workers.
Private sector colleges can help fill the education and skills gaps and meet capacity demands that public and private nonprofit colleges alone cannot satisfy. Increasing the number of educated people is essential. Research shows that raising the college graduation rate just a single point will boost the economies of the 51 largest metropolitan areas in the United States by $124 billion per year.
On March 15, 2013, the House of Representatives passed H.R. 803, the Supporting Knowledge and Investing in Lifelong Skills Act. H.R. 803 was sponsored by Virginia Foxx (R-N.C.), chair of the subcommittee on higher education and workforce training.