National Workforce Transition Fund Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (21 Jul 2026): Read twice and referred to the Committee on Finance.
What this bill does
The National Workforce Transition Fund Act of 2026, introduced by Sen. Mark Warner, would rewrite Title III of the Workforce Innovation and Opportunity Act to create a National Workforce Transition Board within the Department of Labor and a related National Workforce Transition Fund in the Treasury. The Board, chaired by the Secretary of Labor with the Secretaries of Education and Commerce, and including business, labor, and government representatives, would develop an annual national strategy assessing how artificial intelligence and emerging technology affect the workforce and recommend federal spending priorities. The Fund would finance labor market data modernization, individual training accounts, sectoral workforce partnerships, worker transition assistance, and employer grants for worker retention or redeployment, funded through a mechanism tied to AI infrastructure rather than direct taxes on AI use.
The bill primarily affects workers facing job loss or disruption linked to technological change—such as dislocated workers, recent graduates, and those in affected industries—along with employers, state workforce agencies, and educational institutions that would receive grants or data-modernization support. Eligibility would rely on labor market indicators rather than requiring proof that AI specifically caused a worker's job loss.
The bill was introduced on July 21, 2026, and referred to the Senate Committee on Finance. It has not yet received committee action, and would need to pass both chambers and be signed into law before taking effect.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
21 Jul 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5055 do?
- The National Workforce Transition Fund Act of 2026, introduced by Sen. Mark Warner, would rewrite Title III of the Workforce Innovation and Opportunity Act to create a National Workforce Transition Board within the Department of Labor and a related National Workforce Transition Fund in the Treasury. The Board, chaired by the Secretary of Labor with the Secretaries of Education and Commerce, and including business, labor, and government representatives, would develop an annual national strategy assessing how artificial intelligence and emerging technology affect the workforce and recommend federal spending priorities. The Fund would finance labor market data modernization, individual training accounts, sectoral workforce partnerships, worker transition assistance, and employer grants for worker retention or redeployment, funded through a mechanism tied to AI infrastructure rather than direct taxes on AI use. The bill primarily affects workers facing job loss or disruption linked to technological change—such as dislocated workers, recent graduates, and those in affected industries—along with employers, state workforce agencies, and educational institutions that would receive grants or data-modernization support. Eligibility would rely on labor market indicators rather than requiring proof that AI specifically caused a worker's job loss. The bill was introduced on July 21, 2026, and referred to the Senate Committee on Finance. It has not yet received committee action, and would need to pass both chambers and be signed into law before taking effect.
- Has S. 5055 become law?
- The source does not supply a confirmed lifecycle stage for S. 5055. Check the latest action and official source below.
- Who sponsored S. 5055?
- S. 5055 was sponsored by Sen. Warner, Mark R. [D-VA] (D-VA), with 0 cosponsors.
- What's the latest action on S. 5055?
- Read twice and referred to the Committee on Finance. (21 Jul 2026).
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