Congress introduced bipartisan legislation Friday to recognize accounting as part of the STEM programs in schools, as part of the science, technology, engineering and mathematics curricula.
Rep. Victoria Spartz, R-Indiana, and Haley Stevens, D-Michigan, introduced the Accounting STEM Pursuit Act, which would amend the Student Support and Academic Enrichment Grant program to promote career awareness in accounting as part of a well-rounded STEM educational experience. The bill aims to help establish the accounting profession as a valuable STEM career pathway and encourage diversity in the future of the accounting workforce.
The bill comes at a time when the accounting profession, like many sectors of the economy, is finding itself with a shortage of talent to fill the available jobs. While the problem has been exacerbated since the COVID-19 pandemic in many sectors, the accounting profession has long faced such a shortage. Groups like the American Institute of CPAs, the