H.R. 8714 aims to amend the Internal Revenue Code to create skill savings accounts. These accounts would likely allow individuals to save money tax-free for education and training expenses, promoting skill development and workforce readiness.
Supporters of H.R. 8714 have praised the bill for encouraging lifelong learning and providing individuals with the financial means to invest in their skills. Media coverage has highlighted the potential for these accounts to enhance workforce development and reduce skills gaps in various industries.
Critics of H.R. 8714 have expressed concerns that the bill may disproportionately benefit higher-income individuals who can afford to save for skill development. Some media outlets have argued that it could divert resources from more comprehensive educational funding and may not adequately address systemic barriers faced by lower-income individuals seeking training.
The bill H.R. 8714, sponsored by Glenn Thompson, aims to amend the Internal Revenue Code of 1986 to establish skill savings accounts. The top donor industries for Glenn Thompson are Health Professionals and Retired individuals, with donations amounting to $200,000,000 and $62,500,000 respectively. There is no direct overlap between these industries and the subject matter of the bill. The lobbying activity in the policy area of the bill does not show any significant financial contributions from the sponsor's top donor industries. Therefore, based on the available data, there is no apparent conflict of interest between the sponsor's donors and the bill's subject matter. The risk of conflict of interest is low, which is reflected in the risk score of 0.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| MARVELL TECHNOLOGY, INC. | CLARK STREET ASSOCIATES | $30,000 |
| AMERICAN ASSOCIATION FOR JUSTICE | LXR GROUP | $25,000 |
| BMWED/BRS/SMART-MD/PASSENGER RAIL/NCFOBJ | MOONEY, GREEN, SAINDON, MURPHY & WELCH, P.C. | $16,000 |
| YELLOWSTONE TO YUKON CONSERVATION INITIATIVE | MICHAEL POWELSON | $11,000 |
| HEALTHY MARKETS ASSOCIATION | LXR GROUP | $10,000 |
| UNIAO DA INDUSTRIA DE CANA-DE-AUCAR E BIOENERGIA (UNICA) | BARRAL M JORGE CONSULTORES ASSOCIADOS LTDA | $10,000 |
| CONFEDERACAO NACIONAL DAS INSTITUICOES FINANCEIRAS | BARRAL M JORGE CONSULTORES ASSOCIADOS LTDA | $10,000 |
| NATL ASSC OF STATE DIRECTORS OF CAREER TECHNICAL EDUCATION | NATL ASSC OF STATE DIRECTORS OF CAREER TECHNICAL EDUCATION | undisclosed |
| BRAZILIAN AVOCADO COMMISSION | FEDERAL STRATEGIES GROUP, INC. | undisclosed |
| SAAGA | FEDERAL STRATEGIES GROUP, INC. | undisclosed |
| UNIVERSITY AT BUFFALO | STATE UNIVERSITY OF NEW YORK AT BUFFALO | undisclosed |
| THE GREAT PLAINS INSTITUTE FOR SUSTAINABLE DEVELOPMENT, INC. | KOUNTOUPES DENHAM CARR & REID, LLC | undisclosed |
| CLOUDTRUCKS | INVARIANT LLC | undisclosed |
| LOS ANGELES CLEANTECH INCUBATOR | INVARIANT LLC | undisclosed |
| THE SCIENCE COALITION | FORBES-TATE | undisclosed |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Glenn Thompson, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
