Sen. Moody Introduces TRADES Act to Tax Wealthy University Endowments for Vocational Training
The TRADES Act is currently in the early stages of the legislative process. It was recently introduced in the Senate and sent to the Committee on Finance for review. There are no upcoming votes scheduled at this time.
Taxing university endowments is a controversial proposal that often lacks the broad support needed to pass. Most bills introduced in the Senate never make it out of the committee stage.
Small businesses in skilled trades like construction, auto repair, and healthcare support often rely on workers trained through career and technical education programs. More funding for these programs could help address worker shortages that many small trade businesses currently face.
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
No related news coverage found for this legislation yet.
Document Type
Congressional Bill
Official Title
TRADES Act
Analysis generated by AI. Always verify with official sources.