Individual training accounts

(a) Youth Section 129(c) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3164(c)) is amended by adding at the end the following: (9) Individual training accounts (A) In general Subject to subparagraph (B), funds allocated as described in paragraph (1) to a local area, and the sum received from the Artificial Intelligence Horizon Fund and allocated under section 101 of the Make AI Work for Americans Act for use under this paragraph, may be used to pay, through an individual training account, an eligible provider of training services described in section 122(d) for training services described in section 134(c)(3) provided to eligible youth. The payment shall be made in the same manner that an individual training account described in subparagraph (F)(iii) of section 134(c)(3) is used to pay an eligible provider of training services for training services provided to an adult or dislocated worker, including as provided in subparagraphs (F) and (G) of such section. (B) Special rule for in-school youth younger than age 18 To use an individual training account to pay for a program of training services that will take place during regular school hours for an in-school youth who is younger than the age 18, the local area shall receive written approval from the secondary school at which the in-school youth is enrolled prior to the start of the program of training services. (C) Funding from artificial intelligence horizon fund (i) Grants to local areas (I) Grants In addition to any amount allocated as described in paragraph (1), the Secretary shall make grants to local areas, from allocations made under subclause (II), for the provision of training services (which may consist of postsecondary education) through individual training accounts, as described in subparagraph (A), to eligible youth. (II) Allocation of funds Using the sum received from the Artificial Intelligence Horizon Fund and allocated under section 101 of the Make AI Work for Americans Act for use under this paragraph for a fiscal year, the Secretary shall allocate to each local area for that fiscal year an amount that bears the same relationship to that sum as the amount the local area receives under section 128(b) for that fiscal year bears to the total amount that all local areas so receive. (ii) Local areas As a condition of receipt of funds under clause (i), a local area shall agree that the local area will not— (I) limit the maximum amount available for an individual training account for an eligible youth under this subparagraph to an amount that is less than $7,000; or (II) pay an amount, through the use of an individual training account under this subparagraph, for training services provided to an eligible youth that exceeds the costs of such services. (iii) Local area coordination Each local area may, through one-stop centers, coordinate funding for individual training accounts described in subparagraph (A) with funding from other Federal, State, local, or private job training programs or sources, including the Artificial Intelligence Horizon Fund, to assist eligible youth in obtaining training services. (iv) Providers The local area shall enter into agreements with providers on the list of eligible providers of training services under section 122(d) to provide training services under this subparagraph, with funding provided through direct payments made through individual training accounts, as described in section 134(c)(3)(F)(iii). (v) Eligible youth To be considered an eligible youth under this paragraph, a youth shall be an in-school youth who is not younger than age 16 and not older than age 21 or an out-of-school youth.. (b) Dislocated workers and adults Section 134(c)(3) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3174(c)(3)) is amended— (1) by redesignating subparagraph (H) as subparagraph (I); and (2) by inserting after subparagraph (G) the following: (H) Funding from artificial intelligence horizon fund (i) In general Funds allocated as described in subparagraph (A) to a local area, and the sum received from the Artificial Intelligence Horizon Fund and allocated under section 101 of the Make AI Work for Americans Act for use under this subparagraph, may be used to pay, through an individual training account under subparagraph (F)(iii), an eligible provider of training services described in section 122(d) for training services described in this paragraph. (ii) Grants to local areas (I) Grants In addition to any amount allocated as described in subparagraph (A), the Secretary shall make grants to local areas, from allocations made under subclause (II), for the provision of training services (which may consist of postsecondary education) through individual training accounts, as described in clause (i), to eligible adults and dislocated workers. (II) Allocation of funds Using the sum received from the Artificial Intelligence Horizon Fund and allocated under section 101 of the Make AI Work for Americans Act for use under this subparagraph for a fiscal year, the Secretary shall allocate to each local area for that fiscal year an amount that bears the same relationship to that sum as the amount the local area receives under section 133(b) for that fiscal year bears to the total amount that all local areas so receive. (iii) Local areas As a condition of receipt of funds under clause (ii), a local area shall agree to each of the following: (I) Required notice to adults and dislocated workers Prior to an eligible adult or dislocated worker selecting a program of training services from the list of eligible providers of training services under section 122(d), the local area shall inform such adult or dislocated worker of any opportunities the adult or dislocated may have to participate in on-the-job training or employer-directed skills development funded through such local area. (II) Amounts available A local area— (aa) may not limit the maximum amount available for an individual training account for an eligible adult or dislocated worker under this subparagraph to an amount that is less than $7,000; and (bb) may not pay an amount, through the use of an individual training account under this subparagraph, for training services provided to an eligible adult or dislocated worker that exceeds the costs of such services. (iv) Local area coordination Each local area may, through one-stop centers, coordinate funding for individual training accounts described in clause (i) with funding from other Federal, State, local, or private job training programs or sources, including the Artificial Intelligence Horizon Fund, to assist eligible adults or dislocated workers in obtaining training services. (v) Providers The local area shall enter into agreements with eligible providers described in clause (iii)(I) to provide training services under this subparagraph, with funding provided through direct payments made through individual training accounts, as described in section 134(c)(3)(F)(iii). (vi) Eligible adult To be considered an eligible adult or dislocated worker under this subparagraph, an adult or dislocated worker shall have not received training services through an individual training account under section 129(c) during the preceding 5-year period or, if such adult or dislocated worker has received such training services during such period, have been granted an exception by the local area due to an exceptional circumstance, as determined by the local area.. (c) Conforming amendment Section 3(44)(B) of the Workforce Innovation and Opportunity Act (29 U.S.C. 3102(44)(B)) is amended by striking section 134(c)(3)(H) and inserting section 134(c)(3)(I).