1. Short title This Act may be cited as the New Skills for New Jobs Act . 2. Federal matching payments for State new jobs training tax credits (a) Authority To make payments Subject to subsection (h), the Secretary of the Treasury shall, on a quarterly basis, make a payment to each eligible community college in an amount equal to the aggregate new job tax withholding matches for all eligible trainees with respect to such eligible community college for such quarter. (b) New job tax withholding match In the case of any quarter, the new job tax withholding match with respect to any eligible trainee is an amount equal to the amounts remitted as described in subsection (d)(1)(A) during such quarter with respect to such trainee by a participating employer. (c) Eligible community college For purposes of this section, the term eligible community college means a public institution of higher education, as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 )— (1) at which the majority of degrees awarded, for any academic year, are 2-year associate's degrees that are acceptable for full credit toward a baccalaureate degree; (2) that is located in a State that has a State new jobs training tax credit program in effect