‘‘(B) as of the date of such separation,
such individual had attained age 50.
‘‘(2) QUALIFIED JOB TRAINING EXPENSES.—
‘‘(A) IN
GENERAL.—The term ‘qualified
job training expenses’ means—
‘‘(i) tuition and fees required for the
enrollment or attendance of the eligible
individual—
‘‘(I) at an eligible educational in-
stitution, or
‘‘(II) in an applicable training
program,
‘‘(ii) fees, books, supplies, and equip-
ment required for an eligible individual
for—
‘‘(I) courses of instruction at an
eligible educational institution, or
‘‘(II) an applicable training pro-
gram, and
‘‘(iii) a reasonable allowance for meals
and lodging while attending an eligible
educational institution or an applicable
training program.
‘‘(B) ELIGIBLE
EDUCATIONAL
INSTITU-
TION.—The term ‘eligible educational institu-
tion’ means—
‘‘(i) an institution of higher education
(as defined in section 101 or 102 of the
Higher Education Act of 1965), or
‘‘(ii) an area vocational technical edu-
cation school (as defined in subparagraph
(C) or (D) of section 3(3) of the Carl D.
Perkins Vocational and Technical Edu-
cation Act of 1998) to the extent such
school is located within any State (as de-
fined in section 3 of such Act).
‘‘(C) APPLICABLE TRAINING PROGRAM.—
The 
term 
‘applicable 
training 
program’
means—
‘‘(i) any program under the Carl D.
Perkins Vocational and Technical Edu-
cation Act of 1998, chapter 5 of subtitle B
of title I of the Workforce Investment Act
of 1998, or the Wagner-Peyser Act, and
‘‘(ii) any training program approved
under section 236 of the Trade Act of
1974.’’
(b) TECHNICAL AMENDMENTS.—
(1) Paragraph (2) of section 1324(b) of title
31, United States Code, is amended by inserting
‘‘from section 35 of such Code, or’’ after ‘‘1978,’’.
(2) The table of sections for subpart C of part
IV of subchapter A of chapter 1 of such Code is
amended by striking the last item and inserting the
following new items:
‘‘Sec. 35. Retraining expenses for certain older long-time employ-
ees who are laid off.
‘‘Sec. 36. Overpayments of tax.’’
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years beginning after
December 31, 2000.
SEC. 4. STUDY ON SPECIAL NEEDS OF DISPLACED OLDER
WORKERS.
(a) IN GENERAL.—The Comptroller General of the
United States, in collaboration with the Secretary of
Labor and the head of any other Federal agency offering
a job training or retraining program, shall conduct a study
on the special needs of displaced older workers. The study
shall—
(1) examine the unique differences in needs and
challenges that older workers face when finding a
new job after a layoff or work separation in compari-
son to younger workers facing such challenges;
(2) include an assessment of whether existing
Federal job training or retraining programs ade-
quately serve and meet the special needs and chal-
lenges of older workers;
(3) include an assessment of whether older
workers are disproportionately impacted by job
losses attributable to international trade; and
(4) include an assessment of the financial in-
centives for typical private firms to invest in worker
training for older workers in comparison to such in-
centives for younger workers.
(b) SUBMISSION OF REPORTS TO CONGRESS.—
(1) FINAL REPORT.—Not later than 2 years
after the date of the enactment of this Act, the
Comptroller General shall submit to the Congress a
report on the study required by subsection (a). The
report shall include such legislative and administra-
tive recommendations as the Comptroller General
determines are necessary or appropriate to improve
the effectiveness of existing Federal programs in
serving the needs of displaced older workers.
(2) INTERIM
REPORT.—Not later than 6
months after the date of the enactment of this Act,
the Comptroller General shall submit to the Con-
gress an interim report with respect to the study re-
quired by this section.
(c) OLDER WORKER DEFINED.—For purposes of this
section, the term ‘‘older worker’’ means an individual who
is in or desires to be in the workforce and who has at-
tained age 50.
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