H.R. 5380: Labor Market Response Act

This bill, known as the Labor Market Response Act, aims to modify the application process for health profession opportunity grants under Section 2008 of the Social Security Act. Here is a summary of its main provisions:

Application Requirements for Grants

Under the proposed law, applications for health profession opportunity grants must now include specific information regarding:

• Labor Market Information: The application must provide evidence of current labor market trends.
• In-Demand Jobs: Applicants need to demonstrate that the jobs related to the training and education for which they are seeking funding are in demand.
• Worker Shortages: They must also indicate whether there are shortages of workers in these fields, highlighting the need for the grant funding.

Changes to Grant Application Process

The bill involves renumbering current subsections within the Social Security Act to integrate these new requirements. Specifically, it redesignates existing subsections (c) and (d) to (d) and (e), so as to insert the new requirements in subsection (c).

Implementation Timeline

If passed, the new application requirements outlined in this bill would take effect on October 1, 2025.

Goal of the Bill

The overall goal of this legislation is to ensure that grant funding is directed towards programs that address actual needs in the labor market, particularly in health professions, thereby enhancing workforce preparedness and responsiveness to current employment challenges.

Relevant Companies

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