Policy Impact Analysis - 117/HR/7145

Bill Overview

Title: ASSET Act

Description: This bill directs the Office of Apprenticeship of the Department of Labor to award grants, contracts, or cooperative agreements to certain eligible entities to encourage employer participation in apprenticeship programs. Entities that receive funding under this bill must use the funds to encourage participation of small- and medium-sized businesses in apprenticeship programs.

Sponsors: Rep. Trahan, Lori [D-MA-3]

Target Audience

Population: People seeking apprenticeships or enhanced training opportunities

Estimated Size: 7000000

Reasoning

Simulated Interviews

Aspiring Software Developer (Chicago, IL)

Age: 22 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 5.0 years

Commonness: 15/20

Statement of Opinion:

  • I am struggling to find entry-level jobs that value and train fresh graduates.
  • I believe apprenticeships could bridge the gap between education and work experience.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 9 7
Year 20 8 6

Electrician (Raleigh, NC)

Age: 35 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 3.0 years

Commonness: 10/20

Statement of Opinion:

  • Having apprentices could help my business grow.
  • Funding would reduce the financial risk of training new workers.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 7 7

Data Analyst (San Francisco, CA)

Age: 28 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 4.0 years

Commonness: 12/20

Statement of Opinion:

  • The policy presents a great opportunity for career changers like me.
  • I prefer hands-on experience and mentorship, which apprenticeships can provide.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 9 7
Year 20 7 6

High School Teacher (Boise, ID)

Age: 45 | Gender: male

Wellbeing Before Policy: 8

Duration of Impact: 6.0 years

Commonness: 8/20

Statement of Opinion:

  • Apprenticeship opportunities enhance the relevance of my programs.
  • Increased collaboration with businesses would benefit students.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 9 8
Year 5 9 8
Year 10 9 8
Year 20 8 8

Culinary Student (Austin, TX)

Age: 30 | Gender: other

Wellbeing Before Policy: 5

Duration of Impact: 5.0 years

Commonness: 11/20

Statement of Opinion:

  • I need real-world experience to complement my studies.
  • An apprenticeship would provide essential industry skills.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 6 5
Year 2 8 5
Year 3 8 6
Year 5 9 6
Year 10 9 7
Year 20 8 6

Mechanical Engineering Graduate (Detroit, MI)

Age: 27 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 4.0 years

Commonness: 14/20

Statement of Opinion:

  • The policy increases my confidence in finding relevant work experience.
  • Apprenticeships are key to transitioning from education to employment.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 9 7
Year 3 9 7
Year 5 9 7
Year 10 8 7
Year 20 8 7

Small Business Owner (Carpentry) (New York, NY)

Age: 55 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 3.0 years

Commonness: 9/20

Statement of Opinion:

  • Training apprentices may help revitalize my business.
  • The cost of training is a significant barrier, reduced by this policy.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 6
Year 2 8 6
Year 3 8 6
Year 5 8 6
Year 10 7 6
Year 20 7 6

Artisan Baker Apprentice (Seattle, WA)

Age: 24 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 2.0 years

Commonness: 13/20

Statement of Opinion:

  • Government support can lead to better apprenticeship structures.
  • This support makes a career in baking more viable.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 8 7
Year 20 7 7

HR Specialist in Manufacturing (Sacramento, CA)

Age: 61 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 4.0 years

Commonness: 7/20

Statement of Opinion:

  • The bill can help expand our apprenticeship program.
  • Attracting young talent is essential for our competitiveness.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 8 7
Year 5 8 7
Year 10 7 7
Year 20 7 7

Community College Instructor (Phoenix, AZ)

Age: 41 | Gender: female

Wellbeing Before Policy: 8

Duration of Impact: 5.0 years

Commonness: 12/20

Statement of Opinion:

  • This policy enhances collaboration between colleges and businesses.
  • More apprenticeships mean better outcomes for students.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 8
Year 2 8 8
Year 3 8 8
Year 5 8 8
Year 10 8 8
Year 20 7 7

Cost Estimates

Year 1: $40000000 (Low: $30000000, High: $50000000)

Year 2: $40500000 (Low: $30500000, High: $50500000)

Year 3: $41000000 (Low: $31000000, High: $51000000)

Year 5: $42000000 (Low: $32000000, High: $52000000)

Year 10: $43000000 (Low: $33000000, High: $53000000)

Year 100: $44000000 (Low: $34000000, High: $54000000)

Key Considerations