The Innovation, Universities, Science and Skills Committee will scrutinise the time-frame that the Bill has set out for improving apprenticeships and will evaluate how much proposals put forward in the Bill will cost.
The MPs will also consider whether anything is missing from the Bill and have invited interested parties to give evidence on which parts of the Bill, if any, should be changed.
A spokesman for the Department for Innovation, Universities, Science and Skills, said: "We have complete confidence that the Bill will meet our policy aims."
The committee will deliver its verdict on the Bill in October.
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