,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cggi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #bj1 #bjbj,ms4    
,klobu*> 7= h]self1 ,mr4 ,sasse1 ,mr4   
,book]1 & ,mr4 ,scott ( ,s\? ,c>ol9a7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to e/abli% a tax  
cr$it = tra9+ s]vices receiv$ by        
individuals :o are unemploy$ z a result 
( ! coronavirus p&emic4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,skills      
,r5ewal ,act4  #b4 ,e/abli%m5t ( ,skills
 ,tra9+ ,cr$it  7a7 ,9 g5]al ,subp>t ,c 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #cf ! foll[+ new 
section3  #cf;,a4 ,skills ,tra9+ ,cr$it 
7a7 ,all[ance ( cr$it ,9 ! case ( an    
eligible individual1 !re %all be all[$ z
 a cr$it aga9/ ! tax impos$ by ?is      
subtitle = ! taxable ye> an am\nt equal 
to ! less] (-- 7#a7 ! am\nt ( exp5ses   
paid or incurr$ by su* individual dur+  

su* taxable ye> = qualifi$ tra9+ s]vices
 :i* are provid$ by a qualifi$ entity1  
or  7#b7 an am\nt equal to-- 7,a7       
#d1jjj1 m9us  7,b7 an am\nt equal to !  
sum ( any cr$its all[$ to ! taxpay] "u  
?is section = any prec$+ taxable ye>4   
7b7 ,def9itions ,= purposes ( ?is       
section-- 7#a7 ,eligible individual     
7,a7 ,9 g5]al ,! t]m eligible individual
 means an individual :o-- 7i7 became    
unemploy$ or furl\gh$ dur+ cal5d> ye>   
#bjbj b 0 o!rwise able to "w & available
 = "w )9 ! mean+ ( applicable ,/ate law 
7z def9$ 9 section #bje ( ! ,f$]al-,/ate
 ,ext5d$ ,unemploym5t ,comp5sation ,act 
( #aigj 7#bf ,u4,s4,c4 #ccjd note771    
7ii7 dur+ ! p]iod 9 :i* any qualifi$    
tra9+ s]vice is provid$ to su*          
individual by a qualifi$ entity-- 7,i7  
is n employ$ & has appli$ = or is       
receiv+ comp5sation 7z def9$ 9 section  
#ccjf7;h771 includ+ p&emic em]g5cy      
unemploym5t comp5sation "u section #bajg
 ( subtitle ,a ( title ,,ii ( division  
,a ( ! ,,c>es ,act1 &  7,,ii7 in=ms su* 

entity ( _! int5t to claim ! cr$it all[$
 "u subsection 7a7 ) respect to su*     
s]vice4  7,b7 ,exclusion ,= purposes (  
subp>agraph 7,a71 ! t]m eligible        
individual %all n include an individual 
^: employ] has r$uc$ _! h\rs ( "w & :o  
receives comp5sation pursuant to a      
%ort-"t comp5sation program 7z def9$ 9  
section #ccjf7v774  7#b7 ,qualifi$      
entity ,! t]m qualifi$ entity means an  
entity t is-- 7,a7 a provid] includ$ on 
a ,/ate li/ describ$ 9 section #abb7;d7 
( ! ,work=ce ,innovation & ,opportunity 
,act 7#bi ,u4,s4,c4 #caeb7;d772 or  7,b7
 a provid] ( qualifi$ tra9+ s]vices t   
has be5 prec]tifi$ by ! ,secret>y (     
,labor "u section #c ( ! ,skills ,r5ewal
 ,act4  7#c7 ,qualifi$ tra9+ s]vice ,!  
t]m qualifi$ tra9+ s]vice means a c\rse 
or program ( /udy t-- 7,a7 is includ$ on
 a li/ describ$ 9 section #abb7;d7 ( !  
,work=ce ,innovation & ,opportunity ,act
 7#bi ,u4,s4,c4 #caeb7;d77 = a ,/ate1 or
  7,b7 is a c\rse or program ( /udy     
relat+ to comput] sci5ce1 te*nology1 or 

ano!r high-ne$ area1 su* z a cod+ boot  
camp1 t has be5 prec]tifi$ by !         
,secret>y ( ,labor "u section #c ( !    
,skills ,r5ewal ,act4  7c7 ,coord9ation 
) ,am]ican ,opportunity & ,lifetime     
,le>n+ cr$its ,= purposes ( subsection  
7a77#a71 ! am\nt ( exp5ses paid or      
incurr$ by an eligible individual dur+  
su* taxable ye> = qualifi$ tra9+ s]vices
 %all be r$uc$-- 7#a7 z provid$ 9       
section #be;,a7g77#b71 &  7#b7 by !     
am\nt ( su* exp5ses :i* 7 tak5 into     
acc\nt 9 det]m9+ ! cr$it all[$ to !     
taxpay] or any o!r p]son "u section     
#be;,a4  7d7 ,regulations ,! ,secret>y  
%all prescribe su* regulations z may be 
necess>y to c>ry out ! provisions ( ?is 
section4  7e7 ,t]m9ation ,?is section   
%all n apply to exp5ses paid or incurr$ 
dur+ taxable ye>s beg9n+ aft] ,decemb]  
#ca1 #bjba4  4  7b7 ,in=mation report+  
relat+ to qualifi$ tra9+ s]vices ,subp>t
 ,b ( "p ,,iii ( sub*apt] ,a ( *apt] #fa
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by add+ at ! end ! foll[+ new     

section3  #fjej,z4 ,returns relat+ to   
qualifi$ tra9+ s]vices  7a7 ,requirem5t 
( report+ ,any qualifi$ entity :i*1 9 ! 
c\rse ( a trade or bus9ess & = any      
cal5d> ye>1 receives paym5ts f any      
elect+ individual ) respect to qualifi$ 
tra9+ s]vices provid$ by su* entity %all
 make ! return describ$ 9 subsection 7b7
 ) respect to ea* su* individual at su* 
"t z ! ,secret>y may by regulations     
prescribe4  7b7 ,return ,a return is    
describ$ 9 ?is subsection if su*        
return-- 7#a7 is 9 su* =m z ! ,secret>y 
may prescribe1 &  7#b7 conta9s-- 7,a7 ! 
"n1 address1 & ,,t9 ( ea* elect+        
individual f :om a paym5t describ$ 9    
subsection 7a7 0 receiv$ dur+ ! cal5d>  
ye>1  7,b7 ! aggregate am\nt ( su*      
paym5ts receiv$ by su* individual dur+  
su* cal5d> ye> & ! date & am\nt ( ea*   
su* paym5t1 &  7,c7 su* o!r in=mation z 
! ,secret>y may require4  7c7 ,elect+   
individual ,! t]m elect+ individual     
means an individual :o has indicat$ to !
 qualifi$ entity _! int5tion to claim ! 

cr$it all[$ "u section #cf;,a ) respect 
to ! qualifi$ tra9+ s]vices provid$ by  
su* entity4  7d7 ,/atem5t ,to be furni%$
 to individuals ) respect to :om        
in=mation is requir$  7#a7 ,9 g5]al ,e  
qualifi$ entity requir$ to make a return
 "u subsection 7a7 %all furni% to ea*   
elect+ individual ^: "n is requir$ to be
 set =? 9 su* return a writt5 /atem5t   
%[+-- 7,a7 ! "n1 address1 & phone numb] 
( ! in=mation contact ( ! qualifi$      
entity requir$ to make su* a return1 &  
7,b7 ! aggregate am\nt ( paym5ts made by
 ! individual to ! qualifi$ entity      
requir$ to be %[n on ! return4  7#b7    
,furni%+ ( in=mation ,! writt5 /atem5t  
requir$ "u p>agraph 7#a7 %all be furni%$
 to ! individual on or be=e ,janu>y #ca 
( ! ye> foll[+ ! cal5d> ye> = :i* !     
return "u subsection 7a7 is requir$ to  
be made4  7e7 ,def9itions ,! t]ms       
qualifi$ entity & qualifi$ tra9+ s]vices
 h ! same mean+ giv5 su* t]ms "u section
 #cf;,a7b74  7f7 ,regulations & guidance
 ,! ,secret>y may prescribe su*         

regulations & o!r guidance z may be     
appropriate or necess>y to c>ry out !   
purpose ( ?is section4  4  7c7 ,cl]ical 
am5dm5ts  7#a7 ,section                 
#fbaa7;b77#d77;,a7 ( ! ,int]nal ,rev5ue 
,code ( #aihf is am5d$ by ins]t+ #cf;,a1
 aft] #cf14  7#b7 ,! table ( sections = 
subp>t ,c ( "p ,,iv ( sub*apt] ,a (     
*apt] #a ( su* ,code is am5d$ by ins]t+ 
aft] ! item relat+ to section #cf !     
foll[+ new item3  ,sec4 #cf;,a4 ,skills 
,tra9+ ,cr$it4  4  7#c7 ,! table (      
sections = sub*apt] ,a ( *apt] #fa ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #fjej,z4        
,returns relat+ to qualifi$ tra9+       
s]vices4  4  7d7 ,effective date ,!     
am5dm5ts made by ?is section %all apply 
to exp5ses paid or incurr$ dur+ taxable 
ye>s beg9n+ aft] ,decemb] #ca1 #bjai4   
#c4 ,prec]tification by ,secret>y (     
,labor  7a7 ,9 g5]al ,! ,secret>y (     
,labor %all e/abli% a process ?r\gh :i* 
! ,secret>y %all prec]tify provid]s (   
c\rses or programs ( tra9+ s]vices z    

qualifi$ entities provid+ qualifi$ tra9+
 s]vices 7z su* t]ms are def9$ 9 section
 #cf;,a7b7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf71 to enable ! provid]s & c\rses or
 programs to qualify = ! tax cr$it      
provid$ "u su* section #cf;,a4  7b7     
,e/abli%m5t ( prec]tification           
requirem5ts  7#a7 ,9 g5]al ,by n lat]   
?an #fj days aft] ! date ( enactm5t (   
?is ,act1 ! ,secret>y ( ,labor %all     
create & publi% ! prec]tification       
requirem5ts-- 7,a7 = a provid] to be a  
qualifi$ entity = purposes ( section    
#cf;,a7b77#b77;,b7 ( ! ,int]nal ,rev5ue 
,code ( #aihf2 &  7,b7 = a c\rse or     
program ( /udy relat$ to a high-ne$     
area1 z det]m9$ by ! ,secret>y ( ,labor1
 to be a qualifi$ tra9+ s]vice =        
purposes ( section #cf;,a7b77#c77;,b7 ( 
su* ,code4  7#b7 ,consid]ations (       
high-ne$ areas ,9 det]m9+ ! high-ne$    
areas = purposes ( p>agraph 7#a77;,b71 !
 ,secret>y ( ,labor %all-- 7,a7 include 
comput] sci5ce & te*nology2 &  7,b7     
consid]-- 7i7 ! graduate areas (        

national ne$ designat$ by ! ,secret>y ( 
,education "u section #gab7;b7 ( !      
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #aace;a7b772 &  7ii7 ! ,,/em  
,designat$ ,degree ,program li/ issu$ by
 ! ,dep>tm5t ( ,homel& ,security =      
purposes ( ! #bd-mon? optional practical
 tra9+ ext5sion describ$ 9 section      
#bad4b7;f77#aj77;ii7 7,c7 ( title #h1   
,code ( ,f$]al ,regulations4  7#c7      
,prec]tification p]iod ,if ! ,secret>y (
 ,labor prec]tifies a provid] & a c\rse 
or program ( /udy "u ?is section1 su*   
provid] & c\rse or program ( /udy %all  
be consid]$ to be a qualifi$ entity =   
purposes ( section #cf;,a7b77#b77;,b7 ( 
! ,int]nal ,rev5ue ,code ( #aihf & a    
qualifi$ tra9+ s]vice = purposes (      
section #cf7;,a77b77#c77;,b7 ( su*      
,code1 = ! entire p]iod-- 7,a7 beg9n+ on
 ! date ( ?is ,act2 &  7,b7 end+ on     
,decemb] #ca1 #bjba4  7c7 ,application =
 prec]tification  7#a7 ,9 g5]al ,a      
provid] ( tra9+ s]vices t desires to be 
prec]tifi$ z a qualifi$ provid] t (f]s a

 qualifi$ tra9+ s]vice %all submit an   
application to ! ,secret>y ( ,labor at  
su* "t1 9 su* mann]1 & conta9+ su*      
in=mation z ! ,secret>y may require4    
7#b7 ,cont5ts ,! ,secret>y %all ensure t
 ! application requir$ "u ?is p>agraph--
 7,a7 is /reaml9$ & easy to complete2 & 
7,b7 includes1 at a m9imum1 in=mation & 
data reg>d+-- 7i7 ! cr$5tial e>n$ ?r\gh 
! c\rse or program2  7ii7 ! av]age /ud5t
 completion rate = ! program = ! #c-ye> 
p]iod prec$+ ! date ( application2      
7iii7 ! co/s ( enrollm5t 9 ! program2   
7iv7 ! av]age employm5t rate =          
individuals :o complete ! program dur+  
su* p]iod2 &  7v7 ! av]age e>n+s =      
individuals :o complete ! program dur+  
su* p]iod4  7#c7 ,notification ,9 any   
case :]e an individual enroll+ 9 a tra9+
 s]vice notifies a provid] ( tra9+      
s]vices t ! individual int5ds to claim !
 cr$it all[$ "u section #cf;,a ( !      
,int]nal ,rev5ue ,code ( #aihf ) respect
 to ! tra9+ s]vice1 ! provid] %all--    
7,a7 in=m ! individual if ! provid] & ! 

s]vice qualify z a qualifi$ tra9+       
provid] & qualifi$ tra9+ s]vice =       
purposes ( su* section2 &  7,b7 if !    
provid] has appli$ b has n yet receiv$  
prec]tification = ! provid] or program f
 ! ,secret>y ( ,labor "u ?is section1   
al]t ! individual t ! provid] & program 
has n yet be5 prec]tifi$4