US SB3401

Establishes competitive grants through the Department of Labor for community colleges, postsecondary vocational institutions, and consortia to create or expand workforce development programs targeting high-skill, high-wage, or in-demand industry sectors

Requires grant recipients to partner with employers and incorporate work-based learning opportunities, career pathway programs, and apprenticeships that lead to nationally or regionally portable, stackable credentials

First grants may be awarded for up to 2 years, with subsequent grants available after a 2-year gap if institutions meet performance benchmarks; up to 2% of appropriated funds may be reserved for administration and technical assistance

Prioritizes institutions serving individuals with barriers to employment, incumbent workers needing foundational skills, and programs that award credit for prior learning or seek inclusion on state eligible training provider lists

Requires annual performance evaluations on employment outcomes, credential attainment, and capacity building, with the Secretary conducting a comprehensive effectiveness evaluation within 4 years of the first grant