WASHINGTON – Today, President Trump signed into law legislation based on the American Dream Accounts Act, introduced by U.S. Senators Chris Coons (D-Del.) and Marco Rubio (R-Fla.), that will help to increase the number of students able to access and complete technical training and a college education.
This legislation will authorize the Department of Education to award funding to support innovative and comprehensive partnerships that support students in preparation for technical training and college and is included in the reauthorization of the Carl D. Perkins Career and Technical Education Act.
“I’m thrilled that my bipartisan American Dream Accounts Act was signed into law,” said Senator Coons. “I have worked on this bill with Senator Rubio for many years. If we want to ensure that American workers can compete in the global economy, we must ensure that every child has an equal opportunity to access technical training and higher education. This legislation will bridge the opportunity gap by streamlining resources that allow young people to prepare for, save for, and achieve their educational dreams. I look forward to working with the administration to fully realize the possibilities of American Dream Accounts for students across the country."
“The American Dream is what makes our country exceptional, and I commend the President for signing the American Dream Accounts Act into law so we can take the important step of creating stronger pathways for children to achieve academic success and, ultimately, their American Dream,” said Senator Rubio. “It is crucial we continue to do everything we can to expand economic mobility and lessen the opportunity gap in America. I thank my colleagues in both the Senate and the House who joined me in advancing this bipartisan effort.”
The American Dream Accounts Act authorizes the Department of Education to award funding to local partnerships that:
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