,i #aacth ,,congress #ast ,session ,h4 ,r4 #hgj ,,in ,,the ,,house ,,of ,,representatives ,february #bg1 #bjac ,mr4 ,conyers 7for himself1 ,ms4 ,chu1 ,mr4 ,clay1 ,mr4 ,mc,dermott1 ,mr4 ,danny ,k4 ,davis of ,illinois1 ,mr4 ,ellison1 ,ms4 ,brown of ,florida1 ,mr4 ,cummings1 ,ms4 ,edwards1 ,ms4 ,eddie ,bernice ,johnson of ,texas1 ,ms4 ,lee of ,california1 ,mr4 ,grijalva1 ,mr4 ,hastings of ,florida1 ,mr4 ,holt1 ,mr4 ,cohen1 and ,ms4 ,fudge7 introduced the following bill2 which was referred to the ,committee on ,education and the ,workforce1 and in addition to the ,committee on ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to establish the ,national ,full ,employment ,trust ,fund to create employment opportunities for the unemployed4 #a4 ,short title ,this ,act shall be cited as the ,humphrey-,hawkins #bast ,century ,full ,employment and ,training ,act of #bjac4 #b4 ,definitions ,in this ,act the following definitions apply3 7#a7 ,indian tribe ,the term ,indian tribe has the meaning given such term in section #ajb7ag7 of the ,housing and ,community ,development ,act 7#db ,u4,s4,c4 #ecjb7ag774 7#b7 ,secretary ,the term ,secretary means the ,secretary of ,labor4 7#c7 ,small business ,the term small business has the meaning given the term small business concern under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 7#d7 ,state ,the term ,state has the meaning given such term in section #ajb7b7 of the ,housing and ,community ,development ,act 7#db ,u4,s4,c4 #ecjb7b774 7#e7 ,trust fund ,the term ,trust ,fund refers to the ,full ,employment ,trust ,fund established under section #c4 7#f7 ,unit of general local government ,the term unit of general local government has the meaning given such term in section #ajb7a7 of the ,housing and ,community ,development ,act 7#db ,u4,s4,c4 #ecjb7a774 7#g7 ,urban county ,the term urban county has the meaning given such term in section #ajb7f7 of the ,housing and ,community ,development ,act 7#db ,u4,s4,c4 #ecjb7f774 #c4 ,establishment ,of ,full ,employment ,national ,trust ,fund 7a7 ,in general ,the ,secretary shall establish a ,full ,employment ,national ,trust ,fund 7in this ,act referred to as the ,trust ,fund7 for the purposes of-- 7#a7 providing funding for the ,employment ,opportunity ,grants established in section #d2 and 7#b7 issuing funds to the ,secretary to fund the ,workforce ,investment ,act of #aiih 7#bi ,u4,s4,c4 #bhja et seq474 7b7 ,financing the ,trust ,fund ,subject to the availability of appropriations for this purpose1 the ,secretary of the ,treasury shall annually make available to the ,secretary of ,labor for deposit into the ,trust ,fund an amount equal to the amount collected for that year through the tax described in section #ddge of the ,internal ,revenue ,code of #aihf1 as added by section #g4 7c7 ,separate ,trust ,fund ,accounts ,the ,trust ,fund shall consist of #b separate accounts as follows3 7#a7 ,one account shall consist of #fg percent of the funds made available for deposit under subsection 7b7 and shall be for the ,employment ,opportunity ,grants established in section #d4 7#b7 ,the other account shall consist of #cc percent of the funds made available for deposit under subsection 7b7 and shall be available to the ,secretary to fund programs under the ,workforce ,investment ,act of #aiih 7#bi ,u4,s4,c4 #bhja et seq474 7d7 ,web ,site ,the ,secretary shall establish an ,internet ,web site to serve as an information clearinghouse for job training and employment opportunities funded by the ,trust ,fund4 7e7 ,training stipend ,the ,secretary shall promulgate regulations to encourage entities that receive funds under programs under the ,workforce ,investment ,act of #aiih 7#bj ,u4,s4,c4 #bhja et seq47 that are funded by the account described in subsection 7c77#b7 to1 whenever possible1 establish a training stipend for individuals who participate in such programs4 #d4 ,employment opportunity grants to ,states1 local government1 and ,indian tribes 7a7 ,employment grants contingent on level of unemployment ,subject to the availability of funds in the ,trust ,fund for activities under this section1 if1 at the beginning of a fiscal year1 the economy is not at a level of full employment1 as determined by the ,chairman of the ,federal ,reserve ,board1 the ,secretary shall make grants for such fiscal year1 in amounts totaling #ij percent of such funds available1 to ,states1 units of general local government1 and ,indian tribes to carry out activities in accordance with this section4 7b7 ,purpose ,grants made under this section shall be for creating employment opportunities for unemployed and underemployed residents of distressed communities in activities designed to address community needs and reduce disparities in health1 housing1 education1 job readiness1 and public infrastructure that have impeded these communities from realizing their full economic potential4 7c7 ,use of funds ,a recipient of a grant under this section shall use the grant for the following purposes3 7#a7 ,during the initial #i-month period in which grants are made under this section1 each grant shall be used only to fund the following types of fast-track job placements3 7,a7 ,the painting and repair of schools1 community centers1 and libraries4 7,b7 ,the restoration and revitalization of abandoned and vacant properties to alleviate blight in distressed and foreclosure-affected areas of a unit of general local government4 7,c7 ,the expansion of emergency food programs to reduce hunger and promote family stability4 7,d7 ,the augmentation of staffing in ,head ,start1 child care1 and other early childhood education programs to promote school readiness and early literacy4 7,e7 ,the renovation and enhancement of maintenance of parks1 playgrounds1 and other public spaces4 7#b7 ,following the #i-month period described in paragraph 7#a71 a recipient of a grant may use the remaining amount of the grant to assist public entities1 nonprofit community-based organizations1 public-private partnerships1 or small businesses to create opportunities for employment in the following areas3 7,a7 ,construction1 re-construction1 rehabilitation1 and site improvements of residences or public facilities1 including improvements in the energy efficiency or environmental quality of such public facilities or residences4 7,b7 ,provision of human services1 including child care services1 health care services1 education1 or recreational programs4 7,c7 ,the remediation and demolition of vacant and abandoned properties to eliminate blight4 7,d7 ,programs that provide disadvantaged youth with opportunities for employment1 education1 leadership development1 entrepreneurial skills development1 and training4 7#c7 ,providing supplemental labor for existing federally or ,state-funded infrastructure projects4 7#d7 ,providing supplemental labor for existing federally or ,state-funded projects aimed at expanding access to broadband or wireless ,internet service4 7d7 ,consultation required ,each grant recipient shall consult with community leaders1 including labor organizations1 nonprofit community-based organizations1 local government officials1 and local residents to-- 7#a7 assess the needs of the community served by the grant recipient2 7#b7 determine sectors of the local economy that are in need of employees2 7#c7 make recommendations for new employment opportunities in the areas described in paragraph 7#c72 and 7#d7 assess the effectiveness of job placements made under paragraph 7#a74 7e7 ,conditions ,as a condition of receiving a grant under this section1 a grant recipient shall-- 7#a7 agree to comply with the nondiscrimination policy set forth under section #aji of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecji72 7#b7 allocate not less than #hj percent of the funding allocated to each project funded under the grant to wages1 benefits1 and support services1 including child care services1 for individuals employed on such project2 7#c7 ensure that employment on any project funded under the grant is carried out in accordance with subsection 7c72 7#d7 institute an outreach program with community organizations and service providers in low-income communities to provide information about placements funded under the grant to individuals suited to perform community infrastructure work2 and 7#e7 ensure that not less than #ce percent of individuals employed under the grant are individuals described in paragraph 7#d77;,b7 of subsection 7f74 7f7 ,employment described ,employment funded under this section shall meet the following specifications3 7#a7 ,any employer that employs an individual whose employment is funded under the grant shall-- 7,a7 employ such individual for not less than #ab months2 7,b7 employ such individual for not less than #cj hours per week2 7,c7 comply with responsible contractor standards1 as determined by the relevant official in the unit of local general government2 7,d7 provide compensation to such individual equal to that which is paid to employees who have been employed to perform similar work prior to the date such individual was hired2 and 7,e7 if such employment is in construction1 provide compensation to any laborer or mechanic employed under the grant at rates not less than those prevailing on similar construction in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of title #dj1 ,united ,states ,code4 7#b7 ,no individual whose employment is funded under the grant may work for an employer at which a collective bargaining agreement is in effect covering the same or similar work1 unless-- 7,a7 the consent of the union at such employer is obtained2 and 7,b7 negotiations have taken place between such union and the employer as to the terms and conditions of such employment4 7#c7 ,an individual whose employment is funded under this ,act may not displace other employees whose employment is not funded under this ,act4 ,a grant recipient under this ,act may not hire an employee or employees with funds under this ,act for any employment which the grant recipient would otherwise hire an employee who has been furloughed4 7#d7 ,an individual whose employment is funded under this ,act shall be-- 7,a7 unemployed for not less than #bf weeks prior to the receipt of the grant1 as verified by the ,state or local department of labor1 department of welfare1 or similar office charged with maintaining records of unemployment2 or 7,b7 unemployed for not less than #cj days prior to the receipt of the grant and be a low-income individual who is a member of a targeted group 7as defined by section #ea7;d7 of the ,internal ,revenue ,code of #aihf7 as verified by the ,state or local department of labor1 department of welfare1 or similar office charged with maintaining records of unemployment4 ,for purposes of subparagraph 7,b71 the hiring date 7as defined in section #ea7;d77#aa7 of such ,code7 shall be the hiring date by an employer who receives a grant pursuant to this section4 7g7 ,award of ,grants 7#a7 ,selection criteria ,in selecting a project to receive funding for employing the individuals described in subsection 7f77#d71 a grant recipient shall consider-- 7,a7 the input of all participants in a proposed project1 including labor organizations1 community organizations1 and employers2 7,b7 the needs of the community intended to benefit from such project2 7,c7 the long-term goals and short-term objectives to address such needs2 and 7,d7 any recommendations for programs and activities developed to meet such needs4 7#b7 ,priority given to certain projects ,a grant recipient under this section shall give priority to projects that-- 7,a7 serve areas with the greatest level of economic need1 determined for each such area by-- 7i7 the unemployment rate2 7ii7 the rate of poverty2 7iii7 the number of census tracts with concentrated poverty2 7iv7 the lowest median income2 7v7 the percentage of vacant and abandoned properties2 7vi7 the percentage of home foreclosures2 and 7vii7 the indicators of poor resident health1 including high rates of chronic disease1 infant mortality1 and life expectancy2 7,b7 integrate education and job skills training1 including basic skills instruction and secondary education services2 7,c7 coordinate to the maximum extent feasible with pre-apprenticeship and apprenticeship programs2 and 7,d7 provide jobs in sectors where job growth is most likely1 as determined by the ,secretary1 and in which career advancement opportunities exist to maximize long-term1 sustainable employment for individuals after employment funded under this ,act ends4 7h7 ,allocation of ,grants 7#a7 ,grants for ,indian tribes and deposits into discretionary fund ,not more than #e percent of the funds available in the ,trust ,fund for activities under this section for any fiscal year shall be reserved for grants to ,indian tribes and for deposit into a discretionary fund established by the ,secretary for national demonstration projects and multi-jurisdictional projects4 7#b7 ,grants to states ,not more than #cj percent of the funds available in the ,trust ,fund for activities under this section for any fiscal year shall be allocated to ,states to distribute to units of general local government that do not qualify for funds under paragraph 7#c74 7#c7 ,grants to units of general local government ,grant funds that are not reserved under paragraphs 7#a7 and 7#b7 shall be allocated to metropolitan cities and urban counties using the formula under section #ajf7;b7 of the ,housing and ,community ,development ,act of #aigd 7#db ,u4,s4,c4 #ecjf7;b774 7i7 ,reports 7#a7 ,reports by grant recipients ,not later than #ij days after the last day of each fiscal year in which assistance under this section is furnished1 a recipient of a grant under this section shall submit to the ,secretary a report containing the following3 7,a7 ,a description of the progress made in accomplishing the objectives of this chapter4 7,b7 ,a summary of the use of the grant during the preceding fiscal year4 7,c7 ,for units of general local government1 a listing of each entity receiving funds and the amount of such grants1 as well as a brief summary of the projects funded for each such unit1 the extent of financial participation by other public or private entities1 and the impact on employment and economic activity of such projects during the previous fiscal year4 7,d7 ,for ,states1 a listing of each unit of general local government receiving funds and the amount of such grants1 as well as a brief summary of the projects funded for each such unit1 the extent of financial participation by other public or private entities1 and the impact on employment and economic activity of such projects during the previous fiscal year4 7,e7 ,the amount of money received and expended during the fiscal year4 7,f7 ,the number of individuals assisted under the grant whose household income is low-income1 very low-income1 or extremely low-income 7as such terms are used for purposes of the ,housing ,act of #aicg and the regulations thereunder 7#db ,u4,s4,c4 #adcg et seq4774 7,g7 ,the amount expended on administrative costs during the fiscal year4 7#b7 ,report to ,congress ,at least once every #f months1 the ,secretary shall submit to ,congress a report on the use of grants awarded under this section and any progress in job creation4 #e4 ,national ,employment ,conference 7a7 ,in general ,the ,secretary shall convene a national employment conference not later than #a year after the date of enactment of this ,act1 to bring together leaders of small1 medium1 and large businesses1 labor1 government1 and all other interested parties4 7b7 ,subject ,the subject of the conference shall be employment1 with particular attention to structural unemployment and the plight of disadvantaged youth4 ,the conference shall also focus on issues such as adequate and effective incentives for employers to hire the long-term unemployed4 #f4 ,inclusion of minority-serving1 community-based organizations in ,,wia ,state and local workforce investment ,boards 7a7 ,state ,boards ,section #aaa7;b77#a77;,c77v7 of the ,workforce ,investment ,act of #aiih 7#bi ,u4,s4,c4 #bhba7;b77#a77;,c77v77 is amended by inserting before the semicolon 7including not less than #be percent of the chief executive officers of minority-serving1 community-based organizations74 7b7 ,local ,boards ,section #aag7;b77#b77;,a77iv7 of such ,act 7#bi ,u4,s4,c4 #bhcb7;b77#b77;,a77iv77 is amended by inserting 1 and not less than #be percent of the chief executive officers of minority-serving1 community-based organizations after present4 #g4 ,tax on securities transactions 7a7 ,in general ,chapter #cf of the ,internal ,revenue ,code of #aihf is amended by inserting after subchapter ,b the following new subchapter3 ,c ,tax on securities transactions ,sec4 #ddge4 ,tax on securities transactions4 #ddge4 ,tax on securities transactions 7a7 ,imposition of tax ,there is hereby imposed a tax on each covered securities transaction an amount equal to #j4be percent of the value of the security involved in such transaction4 7b7 ,by whom paid ,the tax imposed by this section shall be paid by the trading facility on which the transaction occurs4 7c7 ,covered securities transaction ,the term covered securities transaction means-- 7#a7 any transaction to which subsection 7b71 7c71 or 7d7 of section #ca of the ,securities ,exchange ,act of #aicd applies1 and 7#b7 any transaction subject to the exclusive jurisdiction of the ,commodity ,futures ,trading ,commission4 7d7 ,administration ,the ,secretary shall carry out this section in consultation with the ,securities and ,exchange ,commission and the ,commodity ,futures ,trading ,commission4 4 7b7 ,clerical amendment ,the table of subchapters for chapter #cf of such ,code is amended by inserting after the item relating to subchapter ,b the following new item3 ,subchapter ,c4 ,tax on securities transactions4 4 7c7 ,effective date ,the amendments made by this subsection shall apply to sales occurring more than #cj days after the date of the enactment of this ,act4