,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ajjj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #f1 #bjai,ms4
 ,wilson ( ,florida introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor1 & 9 addition to !  
,committee on ,ways & ,means1 = a p]iod 
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to       
e/abli% a ,national ,full ,employm5t    
,tru/ ,fund to create employm5t         
opportunities = ! unemploy$1 & = o!r    
purposes4  #a4 ,%ort title2 table (     
cont5ts  7a7 ,%ort title ,?is ,act may  
be cit$ z ! ,humphrey-,hawk9s #ba/      
,c5tury ,full ,employm5t & ,tra9+ ,act (
 #bjai or ! ,jobs = ,all ,act4  7b7     
,table ( cont5ts ,! table ( cont5ts (   
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title2 table ( cont5ts4 ,sec4 #b4 ,f9d+s
 & purposes4 ,sec4 #c4 ,def9itions4     
,title ,i--,e/abli%m5t ( ,national ,full
 ,employm5t ,tru/ ,fund ,sec4 #aja4     

,national ,full ,employm5t ,tru/ ,fund4 
,sec4 #ajb4 ,s\rce ( funds4 ,sec4 #ajc4 
,loans f ! ,f$]al ,res]ve ,sy/em4 ,sec4 
#ajd4 ,tru/ ,fund corpus res]v$4 ,title 
,,ii--,program ,adm9i/ration ,sec4 #bja4
 ,9 g5]al4 ,sec4 #bjb4 ,grant managem5t4
 ,sec4 #bjc4 ,(fice ( ,te*nical         
,assi/ance4 ,sec4 #bjd4 ,(fice (        
,educational ,support4 ,sec4 #bje4      
,(fice ( ,assi/$ ,placem5t4 ,sec4 #bjf4 
,(fice ( ,dispute ,resolution4 ,sec4    
#bjg4 ,(fice ( ,/ati/ics & ,rese>*4     
,sec4 #bjh4 ,national ,employm5t        
,conf]5ce4 ,sec4 #bji4 ,program website4
 ,sec4 #baj4 ,/aff+ adm9i/rative        
functions4 ,sec4 #baa4 ,work=ce         
,innovation & ,opportunity ,act4 ,title 
,,iii--,employm5t ,opportunity ,grants  
,sec4 #cja4 ,grants4 ,sec4 #cjb4        
,eligible entities4 ,sec4 #cjc4 ,use (  
funds4 ,sec4 #cjd4 ,grant conditions4   
,sec4 #cje4 ,program employm5t describ$4
 ,sec4 #cjf4 ,eligibility = program     
employm5t4 ,sec4 #cjg4 ,comp5sation4    
,sec4 #cjh4 ,assi/$ placem5t4 ,sec4     

#cji4 ,priority giv5 to c]ta9 projects4 
,sec4 #caj4 ,/>tup p]iod4 ,sec4 #caa4   
,secret>y's au?ority to adm9i/] projects
 directly4 ,sec4 #cab4 ,reports4 ,sec4  
#cac4 ,dispute resolution4 ,sec4 #cad4  
,tax on securities transactions4  #b4   
,f9d+s & purposes  7a7 ,f9d+s ,congress 
f9ds ! foll[+3 7#a7 ,! ,f$]al ,gov]nm5t 
has e/abli%$ ! a*ievem5t ( full         
employm5t z a national goal 9 !         
,employm5t ,act ( #aidf & ! ,full       
,employm5t & ,balanc$ ,gr[? ,act (      
#aigh4  7#b7 ,consi/5t ) ?is goal &     
pursuant to ^! ,acts1 ! ,congress has   
decl>$ x to be ! cont9u+ policy &       
responsibility ( ! ,f$]al ,gov]nm5t to  
use all practicable means to create &   
ma9ta9 conditions :i* promote useful    
employm5t opportunities = all :o seek   
!m1 includ+ ! self-employ$4  7#c7       
,consi/5t ) ?is goal & pursuant to ^!   
,acts1 ! ,congress has also decl>$ &    
e/abli%$ z a national goal ! fulfillm5t 
( ! "r to full opportunities = useful   
paid employm5t at fair rates (          

comp5sation ( all individuals able1     
will+1 & seek+ to "w4  7#d7 ,! ,unit$   
,/ates also has a duty "u ,articles #ee 
& #ef ( ! ,unit$ ,nations ,*>t] to      
promote full employm5t & ! univ]sal     
respect =1 & obs]vance (1 human rights &
 fundam5tal fre$oms = all )\t di/9ction 
z to race1 sex1 language1 or religion4  
7#e7 ,! human rights ! ,unit$ ,/ates has
 a duty to promote pursuant to ?is      
obligation are set =? 9 ! ,univ]sal     
,decl>ation ( ,human ,rights4  7#f7     
,article #bc ( ! ,univ]sal ,decl>ation (
 ,human ,rights /ates t ,ev]yone has !  
"r to "w & to j & favorable remun]ation 
t insures = 8 or h] family an exi/5ce   
wor?y ( human dignity1 & supplem5t$1 if 
necess>y1 by o!r means ( social         
protection4  7#g7 ,consi/5t ) ! purpose 
& int5t ( ! ,employm5t ,act ( #aidf1 !  
,full ,employm5t & ,balanc$ ,gr[? ,act (
 #aigh1 ,articles #ee & #ef ( ! ,unit$  
,nations ,*>t]1 & ,article #bc ( !      
,univ]sal ,decl>ation ( ,human ,rights1 
! ,congress recognizes & decl>es t !    

mean+ ( full employm5t "u bo? ,unit$    
,/ates & int]national law is synonym\s )
 ! realization ( ! "r to "w4  7#h7      
,consi/5t ) ?is und]/&+ ( ! mean+ ( full
 employm5t1 ! /at$ policy ( ! ,unit$    
,/ates ) respect to ! a*ievem5t ( full  
employm5t & ! realization ( ! "r to "w1 
& ! obligations ( ! ,unit$ ,/ates "u    
int]national law1 ! ,full ,employm5t &  
,balanc$ ,gr[? ,act ( #aigh e/abli%$ an 
int]im #e-ye> t>get ( #c p]c5t          
unemploym5t = individuals #bj ye>s ( age
 & old]1 & #d p]c5t = individuals age   
#af & ov] )9 #e ye>s1 ) full employm5t  
to be a*iev$ z soon z practicable       
!reaft]4  7#i7 ,not)/&+ ! t>gets set =? 
9 ! ,full ,employm5t & ,balanc$ ,gr[?   
,act ( #aigh1 ! ,unit$ ,/ates cont9ues  
to suff] sub/antial unemploym5t &       
und]employm5t across all phases ( !     
bus9ess cycle1 includ+ p]iods :5 ! ,bo>d
 ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em  
is pursu+ policies t may be useful 9    
controll+ inflation b ^: necess>y       
consequ5ce is ! cont9uation ( a level ( 

unemploym5t & und]employm5t t is        
inconsi/5t ) ! a*ievem5t ( full         
employm5t & ! realization ( ! "r to "w4 
7#aj7 ,! ,f$]al ,gov]nm5t's failure to  
develop & implem5t policies capable (   
reconcil+ ! ne$ to control inflation )  
its obligation to a*ieve full employm5t 
& secure ! "r to "w imposes num]\s      
economic & social co/s on ! ,nation1 !  
foll[+ among !m3  7,a7 ,! ,nation is    
depriv$ ( ! full supply ( goods &       
s]vices & relat$ increases 9 economic   
well-be+ t w\ld occur "u conditions (   
g5u9e full employm5t4  7,b7 ,! ,nation's
 depress$ output ( goods & s]vices1     
especially 9 ! public sector1 is        
insuffici5t to meet press+ national ne$s
 = infra/ructure inve/m5t & ma9t5ance1  
public transportation1 clean en]gy      
production1 l[ & mod]ate income h\s+1   
education1 heal? c>e1 *ild & eld] c>e1 &
 _m o!r public goods & human s]vices4   
7,c7 ,unemploym5t & und]employm5t expose
 _m work]s & families to significant1   
social1 psy*ological1 & physiological   

co/s1 includ+ disruption ( family life1 
! loss ( individual dignity &           
self-respect1 & ! aggravation ( physical
 & m5tal illnesses4  7,d7 ,p]si/+       
unemploym5t & und]employm5t h deva/at+  
f9ancial consequ5ces = its victims1     
result+ 9 ! loss ( income & sp5d+ p[] = 
families1 & int]f]+ ) _! ability to save
 & accumulate assets = a secure family  
life & retirem5t4  7,e7 ,because        
disadvantag$ population gr\ps suff] !   
burd5s & h>mful consequ5ces (           
unemploym5t ) great] frequ5cy & at high]
 levels ?an nondisadvantag$ population  
gr\ps1 unemploym5t pres5ts a virtually  
insurm\ntable b>ri] to ! a*ievem5t (    
equal opportunity = all ,am]icans4  7,f7
 ,exceptionally high levels (           
unemploym5t among ! ,nation's y\? are   
p>ticul>ly h>mful because ( _! long-t]m 
negative effects4  7,g7 ,high levels (  
unemploym5t & inadequate consum] dem&   
also contribute to poor conditions =    
retail bus9esses1 manufactur]s1 & _m o!r
 firms to gr[ & prosp]4  7,h7 ,9 ! real 

e/ate sector1 ! ,congress f9ds t high   
levels ( unemploym5t contribute to      
=eclosures1 evictions1 & comm]cial      
vacancies1 !reby und]m9+ ! quality (    
neighborhood & community life1 & hamp]+ 
prospects = ! economic developm5t ( all 
! ,nation's neighborhoods & communities4
  7#aa7 ,s9ce ! hi/oric promise ( !     
,employm5t ,act ( #aidf & ! ,full       
,employm5t & ,balanc$ ,gr[? ,act ( #aigh
 has n be5 realiz$1 ! ,congress decl>es 
& reaffirms ! ,f$]al ,gov]nm5t's        
obligation to insure ! availability (   
dec5t jobs = all at liv+ wages4  7#ab7  
,! ,congress fur!r decl>es & reaffirms t
 ! elim9ation ( job disp>ities among    
gr\ps ( work]s :o exp]i5ce *ronically   
high] rates ( unemploym5t &             
und]employm5t is an ess5tial compon5t ( 
! ,f$]al ,gov]nm5t's commitm5t to !     
a*ievem5t ( full employm5t & !          
realization ( ! "r to "w4  7#ac7 ,!     
,congress also f9ds t bo? job vacancy   
surveys & hi/oric exp]i5ce %[s t ev5 at 
! top ( ! bus9ess cycle1 :5 ! national  

unemploym5t rate drops to ! #d p]c5t or 
bel[1 ! economy fails to provide en\gh  
jobs to employ ev]yone :o wants to "w4  
,consequ5tly1 ! ne$ = direct job        
creation by ! ,f$]al ,gov]nm5t is       
especially important at su* times to    
close ! economy's job gap )\t add+      
significantly to inflation>y pressures1 
a goal x is virtually impossible to     
a*ieve ) economic policies direct$ at   
boo/+ production 9 ! private sector ( ! 
economy4  7#ad7 ,! ,congress fur!r f9ds 
t 9 addition to provid+ a               
non-inflation>y pa?way = ! a*ievem5t (  
full employm5t & ! realization ( ! "r to
 "w1 ! direct job-creation /rategy1     
conceiv$ & te/$ by ! ,f$]al ,gov]nm5t   
dur+ ! ,new ,deal era1 w\ld also r$uce !
 sev]ity ( recessions :ile enri*+ !     
,nation ) a sub/antial increase 9 !     
production ( badly ne$$ public goods &  
s]vices4  7#ae7 ,! ,congress fur!r f9ds 
t because ( ! broad range ( social co/s 
! problem ( unemploym5t imposes on      
society1 includ+ 9 p>ticul> r$uc$ tax   

collections & increas$ social welf>e    
exp5ditures by all levels ( gov]nm5t1 ! 
a*ievem5t ( full employm5t & !          
realization ( ! "r to "w by means ( !   
,new ,deal's direct job creation /rategy
 w\ld co/ f> less ?an o!r major social  
welf>e b5efits provid$ by gov]nm5t &    
might ev5 end up sav+ ! public money4   
7#af7 ,!re=e1 :ile ! ,congress fully    
supports ef=ts to maximize ! creation ( 
private1 public1 & nonpr(it sector jobs 
?r\gh improv$ use ( g5]al economic &    
/ructural policies1 x recognizes &      
affirms ! ne$ to supplem5t ^? policies )
 a well-design$ direct job creation     
program committ$ to & capable ( clos+ ! 
economy's job gap across all phases ( ! 
bus9ess cycle4  7b7 ,purpose ,x is !    
purpose ( ! ,jobs = ,all ,act to a*ieve 
g5u9e full employm5t & fulfill ! "r to  
useful "w at liv+ wages = all p]sons    
able1 will+ & seek+ employm5t by        
e/abli%+ a ,national ,full ,employm5t   
,tru/ ,fund to pay = a national program 
( public s]vice employm5t capable (     

a*iev+ ^! goals by supplem5t+ !         
employm5t opportunities furni%$ by !    
exi/+ private1 public1 & nonpr(it       
sectors ( ! economy "u exi/+ law4  #c4  
,def9itions ,9 ?is ,act1 ! foll[+       
def9itions apply3 7#a7 ,,aca ,! t]m     
,,aca means ! ,pati5t ,protection &     
,af=dable ,c>e ,act z am5d$4  7#b7      
,disadvantag$ individual or population  
gr\p ,! t]m disadvantag$ individual or  
disadvantag$ population gr\p means an   
individual or population gr\p t !       
,secret>y has id5tifi$ z suff]+ f       
disabilities or socio-economic          
disadvantages t significantly int]f]e ) 
! individual's or gr\p's access to equal
 employm5t opportunity4  7#c7 ,comp>able
 wor? ,! t]m comp>able wor?1 us$ )      
respect to "w1 means "w t includes !    
composite ( ! skill1 ef=t1              
responsibility1 & work+ conditions      
normally requir$ 9 ! p]=mance ( a       
p>ticul> job z det]m9$ pursuant to /&>ds
 e/abli%$ by ! ,secret>y foll[+         
consultations ) exp]ts 9 ! field (      

comp>able wor? wage assessm5ts4  7#d7   
,equal ,opportunity ,grant ,! t]ms      
,equal ,opportunity ,grant & grant mean 
an ,employm5t ,opportunity ,grant       
au?oriz$ 9 title ,,iii ( ?is ,act4  7#e7
 ,grant recipi5t ,! t]m grant recipi5t  
means an entity aw>d$ an ,employm5t     
,opportunity ,grant "u section #f ( ?is 
,act4  7#f7 ,heal? ex*ange ! t]m ,heal? 
,ex*ange or ,/ate ,heal? ,ex*ange means 
an ,am]ican ,heal? ,b5efit ,ex*ange     
e/abli%$ "u section #acaa7;b7 or        
#acba7;c7 ( ! ,,aca4  7#g7 ,indian      
,tribe ,! t]m ,indian ,tribe has ! mean+
 giv5 su* t]m 9 section #ajb7ag7 ( !    
,h\s+ & ,community ,developm5t ,act 7#db
 ,u4,s4,c4 #ecjb7ag774  7#h7 ,"o-/op    
c5t] ,! t]m "o-/op c5t] means a site    
describ$ 9 section #aba7;e77#b7 ( !     
,work=ce ,innovation & ,opportunity ,act
 7#bi ,u4,s4,c4 #caea7;e77#b774  7#i7   
,program ,! t]m ,program :e!r us$ z a   
n\n or an adjective1 %all ref] to !     
program e/abli%$ "u ?is ,act4  7#aj7    
,program employee ,! t]m ,program       

employee means a p]son c]tifi$ z        
eligible = ,program ,employm5t "u       
section #cjf ( ?is ,act & :o is employ$ 
9 a job fund$ by ! ,tru/ ,fund4  7#aa7  
,program employm5t ,! t]m ,program      
employm5t means employm5t ( a ,program  
,employee 9 a job fund$ by ! ,tru/      
,fund4  7#ab7 ,program tra9ee ,! t]m    
,program tra9ee means a p]son enroll$ 9 
a tra9+ program fund$ "u ?is ,act4      
7#ac7 ,program tra9+ ,! t]m ,program    
tra9+ means tra9+ provide by a grant    
recipi5t 9 a tra9+ program au?oriz$ "u  
title ,,iii ( ?is ,act4  7#ad7          
,reasonable ne$s ,! t]m reasonable ne$s 
%all mean ^? ne$s reasonably requir$ = a
 h\sehold to enjoy a mode/ b adequate   
/&>d ( liv+1 tak+ into consid]ation !   
size & composition ( ! h\sehold1 ! local
 co/ ( liv+1 & any ca% or 9-k9d transf] 
b5efits available to ! h\sehold4  7#ae7 
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ,labor4  7#af7 ,small       
bus9ess ,! t]m small bus9ess has ! mean+
 giv5 ! t]m small bus9ess conc]n "u     

section #c ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fcb74  7#ag7 ,/ate ,! t]m   
,/ate has ! mean+ giv5 su* t]m 9 section
 #ajb7b7 ( ! ,h\s+ & ,community         
,developm5t ,act 7#db ,u4,s4,c4         
#ecjb7b774  7#ah7 ,/ate heal? subsidy   
program ,! t]m ,/ate heal? subsidy      
program means a program qualify+ z an   
applicable ,/ate heal? subsidy program  
"u section #adac7;e7 ( ! ,,aca4  7#ai7  
,tru/ fund ,! t]m ,tru/ ,fund ref]s to !
 ,national ,full ,employm5t ,tru/ ,fund 
e/abli%$ "u section #aja4  7#bj7 ,unit (
 g5]al local gov]nm5t ,! t]m unit (     
g5]al local gov]nm5t has ! mean+ giv5   
su* t]m 9 section #ajb7a7 ( ! ,h\s+ &   
,community ,developm5t ,act 7#db        
,u4,s4,c4 #ecjb7a774  7#ba7 ,urban c\nty
 ,! t]m urban c\nty has ! mean+ giv5 su*
 t]m 9 section #ajb7f7 ( ! ,h\s+ &      
,community ,developm5t ,act 7#db        
,u4,s4,c4 #ecjb7f774  7#bb7 ,,wioa ,!   
t]m ,,wioa means ! ,work=ce ,innovation 
& ,opportunity ,act ( #bjad z am5d$ 7#bi
 ,u4,s4,c4 #caja et seq474  ,i          

,e/abli%m5t ( ,national ,full ,employm5t
 ,tru/ ,fund  #aja4 ,national ,full     
,employm5t ,tru/ ,fund ,!re is h]eby    
creat$ an acc\nt 9 ! ,treasury ( !      
,unit$ ,/ates to be kn[n z ! ,national  
,full ,employm5t ,tru/ ,fund4  #ajb4    
,s\rce ( funds ,!re is h]eby appropriat$
 to ! ,tru/ ,fund = ! fiscal ye> 9 :i* !
 effective date set =? 9 section        
#cad7;d7 occurs1 & = ea* fiscal ye>     
!reaft]1 am\nts equival5t to #ajj p]c5t 
(--  7#a7 ! taxes 7includ+ int]e/1      
p5alties1 & additions to ! taxes7       
receiv$ "u section #ddge ( ! ,int]nal   
,rev5ue ,code ( #aihf z add$ by section 
#cad ( ?is ,act2  7#b7 ! am\nt on       
deposit 9 ! ,f$]al ,unemploym5t ,tru/   
,fund t o!rwise w\ld h be5              
requisitionable by a ,/ate ,ag5cy "u    
section #ijd7;f7 ( ! ,social ,security  
,act z am5d$ 7#db ,u4,s4,c4 #aajd7;f77 =
 ! paym5t ( ,unemploym5t ,insurance     
b5efits t a ,program employee w\ld h be5
 entitl$ to receive b = t individual's  
,program employm5t1 ) ! am\nt debit$ f !

 book acc\nt or acc\nts 9 ! ,f$]al      
,unemploym5t ,tru/ ,fund ma9ta9$ = !    
paym5t ( ! ,unemploym5t ,insurance      
b5efits 9 "q2 &  7#c7 an am\nt equal to 
! ,,fica1 ,m$ic>e1 & p]sonal income     
taxes paid by ,program employees on _!  
,program e>n+s1 z e/imat$ by ! ,secret>y
 ( ! ,treasury4  #ajc4 ,loans f ! ,f$]al
 ,res]ve ,sy/em  7a7 ,9 g5]al ,if !     
am\nt available 9 ! ,tru/ ,fund =       
allocation "u title ,,iii ( ?is ,act is 
insuffici5t to prev5t ! national        
unemploym5t rate f ris+ m ?an "o full   
p]c5tage po9t above its previ\sly atta9$
 level1 ! ,bo>d ( ,gov]nors ( ! ,f$]al  
,res]ve ,sy/em %all l5d su* additional  
am\nts to ! ,tru/ ,fund z are necess>y  
to all[ ! ,secret>y ( ,labor to make su*
 additional allocations "u title ,,iii (
 ?is ,act z are necess>y to re/ore !    
national unemploym5t rate to its        
all[able #a p]c5t range ( upw>d         
v>iation4  7b7 ,repaym5t ,am\nts l5t to 
! ,tru/ ,fund by ! ,bo>d ( ,gov]nors ( !
 ,f$]al ,res]ve ,sy/em "u subsection 7a7

 %all be repaid by ! ,tru/ ,fund ov] #aj
 ye>s1 ) int]e/ payable at ! same av]age
 rate ! ,f$]al ,gov]nm5t contracts to   
pay on #aj-ye> bonds sold dur+ ! p]iod  
beg9n+ #de days prior to ! date ! loans 
7 made to ! ,tru/ ,fund & end+ #de days 
foll[+ su* date4  7c7 ,cancellation (   
debt ,! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em1 9 consultation ) !      
,f$]al ,op5 ,m>ket ,committee1 %all h a 
cont9u+ obligation to review any debt   
ow$ by ! ,tru/ ,fund to ! ,f$]al ,res]ve
 ,sy/em1 & if x det]m9es t ! debt or any
 portion !re( c be cancell$ )\t         
significant adv]se effect on ! economy1 
x %all d s4  #ajd4 ,tru/ ,fund corpus   
res]v$ ,! corpus ( ! ,tru/ ,fund may be 
us$ = no o!r purpose ?an to fund-- 7#a7 
,employm5t ,opportunity ,grants issu$ "u
 title ,,iii ( ?is ,act1 includ+ = job  
creation & tra9+ projects directly      
adm9i/]$ by ! ,secret>y pursuant to     
section #caa2  7#b7 adm9i/rative        
activities & programs "u ! ,,wioa t !   
,secret>y det]m9es are necess>y or      

useful to a*ieve ! purposes ( ?is ,act2 
&  7#c7 adm9i/rative exp5ses reasonably 
incurr$ by ! ,secret>y to implem5t &    
adm9i/] programs & activities au?oriz$  
"u ?is ,act4  ,,ii ,program             
,adm9i/ration  #bja4 ,9 g5]al ,!        
,secret>y %all e/abli% an appropriate   
adm9i/rative /ructure )9 ! ,dep>tm5t (  
,labor to adm9i/] ! ,program4  #bjb4    
,grant managem5t  7a7 ,9 g5]al ,!       
,secret>y %all e/abli% & adm9i/] an     
evaluation1 approval1 & monitor+ process
 = ,employm5t ,opportunity ,grants t is 
transp>5t1 apolitical1 & free ( outside 
influ5ce4  7b7 ,project tim+ ,!         
evaluation & approval process %all      
invite proposals n only = projects t are
 suitable = imm$iate implem5tation1 b   
also = projects t c be rapidly implem5t$
 or exp&$ 9 ! future :5 unemploym5t     
increases precipit\sly due to a         
recession or o!r causes4 ,projects      
approv$ = future implem5tation may      
receive imm$iate fund+ to und]take      
prep>atory "w necess>y = ! rapid        

implem5tation ( ! project :5 x is ne$$4 
7c7 ,monitor+ & te*nical assi/ance ,!   
p]=mance ( grant recipi5ts %all be      
monitor$ dur+ z well z at ! conclusion (
 a grant-fund$ project1 & te*nical      
assi/ance %all be (f]$ to grant         
recipi5ts1 z ne$$1 to help insure !     
success ( _! grant-fund$ projects4  7d7 
,po/-,project review ,a po/-project     
review ( ! p]=mance ( e grant-fund$     
projects %all be conduct$ & docum5t$4   
#bjc4 ,(fice ( ,te*nical ,assi/ance ,!  
,secret>y %all e/abli% & adm9i/] an     
,(fice ( ,te*nical ,assi/ance to advise 
& assi/ grant recipi5ts & pot5tial grant
 recipi5ts 9 ! id5tification & adoption 
( be/ practices 9 ! design &            
adm9i/ration ( job creation projects1 ! 
prep>ation ( grant proposals1 !         
satisfaction ( ,program requirem5ts1 & !
 fulfillm5t ( ! ,program's purposes4    
#bjd4 ,(fice ( ,educational ,support ,! 
,secret>y %all e/abli% & adm9i/] an     
,(fice ( ,educational ,support to       
enc\rage & affirmatively assi/ ,program 

employees :o h n yet e>n$ a high s*ool  
diploma or its equival5t to complete 8  
or h] second>y education2 & to c\nsel   
,program employees conc]n+ po/-second>y 
vocational & academic educational       
opportunities4  #bje4 ,(fice ( ,assi/$  
,placem5t ,! ,secret>y %all e/abli% &   
adm9i/] an ,(fice ( ,assi/$ ,placem5t to
 coord9ate ! creation & op]ation (      
,assi/$ ,placem5t ,(fices 9 all "o-/op  
c5t]s = ! purpose ( provid+ placem5t    
s]vices to individuals eligible = su*   
s]vices "u section #cjh4  #bjf4 ,(fice (
 ,dispute ,resolution  7a7 ,9 g5]al ,!  
,secret>y %all e/abli% & adm9i/] an     
,(fice ( ,dispute ,resolution to p]=m ! 
dispute resolution functions describ$ 9 
section #cac4  7b7 ,:i/lebl[] hotl9e ,! 
,secret>y %all e/abli% & adm9i/] bo? an 
onl9e & telephone :i/lebl[] hotl9e = !  
in=mal reportage ( alleg$ violations (  
?is ,act4 ,provid$ en\gh in=mation is   
furni%$ via ! hotl9e to initiate an     
inve/igation1 ! matt] %all be ref]r$ =  
appropriate foll[ up4  7c7 ,s\? ,african

 ,,ccma comm5d$ z model ,! rules &      
proc$ures adopt$ by ! ,secret>y = !     
resolution ( disputes )9 ! scope (      
section #cac7;b7 %all be design$ to     
insure a prompt & fair resolution (     
employm5t disputes 9 a process t is free
 ( co/ to ! p>ticipants & easily        
navigat$ by all p>ties4 ,to t end1 !    
,congress comm5ds ! adm9i/rative        
practices & rules ( ! ,s\? ,african     
,commission = ,conciliation1 ,m$iation &
 ,arbitration 7,,ccma7 z a model = !    
dispute resolution sy/em e/abli%$ "u ?is
 section4  #bjg4 ,(fice ( ,/ati/ics &   
,rese>* ,! ,secret>y %all e/abli% &     
adm9i/] an ,(fice ( ,/ati/ics & ,rese>* 
to provide ! public ) useful in=mation  
conc]n+ ! op]ations ( ! ,program1 to    
provide ,program adm9i/rators )         
evid5ce-bas$ guidance to aid !m 9 _! "w1
 & to assi/ ! ,congress 9 its ov]sight (
 ! ,program4 ,employ+ rigor\s social    
sci5ce me?odologies1 & ) ! advice &     
assi/ance ( ! ,bureau ( ,labor ,/ati/ics
 :]e appropriate1 ! ,(fice ( ,/ati/ics &

 ,rese>* %all--  7#a7 collect1 tabulate1
 analyze1 & report /ati/ical data on    
labor m>ket conditions t are relevant to
 ,program op]ations2  7#b7 und]take     
basic & appli$ rese>* to guide ,program 
adm9i/rators 9 ! p]=mance ( _! duties & 
to track ! ,program's success or lack   
!re( 9 combat+ v>i\s aspects ( ! problem
 ( unemploym5t & ! h>mful effects       
associat$ ) ! problem ( unemploym5t2    
7#c7 id5tify & dissem9ate in=mation     
reg>d+ be/ practices 9 ,program design &
 implem5tation2  7#d7 catalogue basic   
in=mation ab\t ea* & e job creation     
project or job-tra9+ program fund$ by an
 ,employm5t ,opportunity ,grant & create
 a p]man5t & easily accessible ar*ive ( 
?is in=mation on ! ,program's website2  
7#e7 develop me?odologies to e/imate &  
report ! rev5ues & sav+s g5]at$ by !    
,program = v>i\s levels ( gov]nm5t ei!r 
directly ?r\gh increas$ tax rev5ues or  
indirectly ?r\gh r$uctions 9 o!r        
gov]nm5t exp5ditures2 &  7#f7 c>ry out  
o!r rese>* tasks 9 support ( !          

,program's goals4  #bjh4 ,national      
,employm5t ,conf]5ce  7a7 ,9 g5]al ,!   
,secret>y %all conv5e a national        
employm5t conf]5ce n lat] ?an #a ye>    
aft] ! date ( enactm5t ( ?is ,act1 &    
annually !reaft]4  7b7 ,purpose (       
conf]5ce ,! purpose ( ! conf]5ce %all be
 to report on rese>* conc]n+ ! op]ations
 ( ! ,program & its role 9 address+     
v>i\s aspects ( ! problems (            
unemploym5t1 to %>e be/ practices 9     
address+ su* problems1 & to address     
*all5ges 9 ! adm9i/ration ( ?is ,act4   
#bji4 ,program website ,! ,secret>y %all
 e/abli% & adm9i/] an int]net website to
 provide ! public ) in=mation conc]n+ ! 
,program & to ar*ive in=mation conc]n+  
its op]ations4  #baj4 ,/aff+            
adm9i/rative functions ,to ! ext5t      
reasonably possible1 ! ,secret>y %all   
fill positions )9 ! ,program's          
adm9i/rative (fices ) individuals :o are
 eligible = ,program employm5t4  #baa4  
,work=ce ,innovation & ,opportunity ,act
  7a7 ,9 g5]al ,! ,secret>y %all make   

adju/m5ts 9 ! activities & programs     
adm9i/]$ by ! ,dep>tm5t ( ,labor "u !   
,,wioa z necess>y or useful to s]ve !   
ne$s ( ?is ,act4  7b7 ,expansion (      
work=ce developm5t bo>ds ,to facilitate 
! implem5tation ( ! adju/m5ts describ$ 9
 subsection 7a7 at ! ,/ate & local      
level3  7#a7 ,section #aja7;b77#a77;,c7 
( ! ,,wioa 7#bi ,u4,s4,c4               
#caaa7;b77#a77;,c77 is am5d$-- 7,a7 by  
/rik+ & at ! end ( subclause 7,,ii72    
7,b7 by ins]t+ & at ! end ( subclause   
7,,iii72 &  7,c7 by add+ at ! end !     
foll[+3  7,,iv7 are n less ?an #be p]c5t
 ( ! *ief executive (fic]s (            
m9ority-s]v+1 community-bas$            
organizations2  4  7#b7 ,section        
#ajg7;b77#b77;,c7 ( ! ,,wioa 7#bi       
,u4,s4,c4 #cabb7;b77#b77;,a77 is am5d$  
by add+ at ! end ! foll[+3  7iv7 %all   
include n less ?an #be p]c5t ( ! *ief   
executive (fic]s ( m9ority-s]v+1        
community-bas$ organizations2  4  7#c7  
,effective date ,! am5dm5ts to ! ,,wioa 
set =? 9 ?is subsection %all take effect

 z if enact$ z "p ( ! ,,wioa 7#bi       
,u4,s4,c4 #caja et seq474  ,,iii        
,employm5t ,opportunity ,grants  #cja4  
,grants ,subject to ! availability (    
funds 9 ! ,tru/ ,fund1 ! ,secret>y %all 
make grants to eligible entities = !    
purpose ( creat+--  7#a7 employm5t      
opportunities = p]sons eligible =       
,program employm5t 9 projects design$ to
 address community ne$s & r$uce         
disp>ities 9 heal?1 h\s+1 education1 job
 read9ess1 & public infra/ructure t h   
imp$$ ^! communities f realiz+ _! full  
economic pot5tial2 &  7#b7 free-/&+     
job-tra9+ programs t provide job tra9+1 
possibly includ+ g5]al education1 to--  
7,a7 ,program employees pursuant to     
contractual arrangem5ts betwe5 ! tra9+  
,program & _! employ] to provide !      
,program employees ) specializ$ tra9+   
ne$$ = ! p]=mance ( _! jobs2 or  7,b7   
p]sons eligible = ,program employm5t :o 
seek su* tra9+ r ?an imm$iate employm5t 
9 ord] to qualify = a ,program or       
non-program job = :i* !y o!rwise w\ld n 

qualify1 provid$ t circum/ances are su* 
t ! tra9+ ,program is ju/ifi$ 9 provid+ 
reasonable assurances to ! individuals  
enroll$ 9 x t ^u ! successful completion
 ( _! tra9+1 !y w be able to obta9 a    
,program or non-program job t utilize _!
 newly acquir$ skills4  #cjb4 ,eligible 
entities ,entities eligible to receive  
grants "u ?is section %all include--    
7#a7 dep>tm5ts & ag5cies ( ! ,f$]al     
,gov]nm5t ) ! approval ( ! ,secret>y ( !
 dep>tm5t or ! head ( ! ag5cy2  7#b7    
,/ates1 ,indian ,tribes1 units ( g5]al  
local gov]nm5t1 & urban c\nties2  7#c7  
ag5cies ( ! entities li/$ 9 p>agraph    
7#b7 ) ! approval ( ! head ( ! ag5cy or 
o!r p]son ) ! au?ority to make su*      
commitm5ts2  7#d7 indep5d5t or          
quasi-indep5d5t public-sector ag5cies   
creat$ by any level ( gov]nm5t2 &  7#e7 
n-=-pr(it organizations t qualify z tax 
exempt "u section #eja7;c77#a71 7#c71   
7#e71 or 7#ai7 ( ! ,int]nal ,rev5ue     
,code4  #cjc4 ,use ( funds ,grants %all 
be aw>d$ "u ?is title = ! foll[+        

purposes3 7#a7 ,! con/ruction1          
recon/ruction1 rehabilitation1 & site   
improvem5t ( af=dable h\s+ & public     
facilities1 includ+ improvem5ts 9 !     
en]gy effici5cy or environm5tal quality 
( su* public facilities or h\s+4  7#b7  
,! provision ( human s]vices1 includ+   
*ildc>e1 heal? c>e1 support s]vices =   
individuals & families ) special ne$s1  
education1 aft]-s*ool & vacation        
programs = *ildr51 & recreational &     
cultural enri*m5t programs = p]sons (   
all ages4  7#c7 ,programs t provide     
disadvantag$ y\? ) opportunities =      
employm5t1 education1 lead]%ip          
developm5t1 entrepr5eurial skills       
developm5t1 & tra9+4  7#d7 ,! repair1   
remodel+1 & beautification ( s*ools1    
community c5t]s1 libr>ies1 & o!r        
community-bas$ public facilities1 & !   
augm5tation ( /aff+ = ! s]vices !y      
provide4  7#e7 ,! re/oration &          
revitalization ( ab&on$ & vacant        
prop]ties to alleviate blight 9 di/ress$
 & =eclosure-affect$ areas4  7#f7 ,!    

expansion ( em]g5cy food programs to    
r$uce hung] & promote family /ability4  
7#g7 ,! augm5tation ( /aff+ 9 ,head     
,/>t1 & o!r e>ly *ildhood education     
programs to promote s*ool read9ess1 e>ly
 lit]acy1 life-long le>n+1 & family     
involvem5t 9 _! *ildr5's education4     
7#h7 ,! ma9t5ance1 r5ovation &          
improvem5t ( p>ks1 playgr\nds1 & o!r    
public spaces4  7#i7 ,provid+ labor =   
non-capital-int5sive aspects ( f$]ally  
or ,/ate-fund$ infra/ructure projects4  
7#aj7 ,! implem5tation ( environm5tal   
initiatives design$ to cons]ve natural  
res\rces1 rem$iate environm5tal damage1 
rev]se climate *ange1 & a*ieve          
environm5tal su/a9ability4  7#aa7 ,!    
enhancem5t ( em]g5cy prep>$ness =       
natural & o!r community disa/]s & (     
po/-em]g5cy assi/ance = ! victims (     
disa/]s4  7#ab7 ,! expansion ( "w-/udy  
opportunities = second>y & po/-second>y 
/ud5ts1 & ! creation ( bridge employm5t 
opportunities = rec5t graduates :o h be5
 unable to f9d "w 9 ! occupations = :i* 

!y h tra9$4  7#ac7 ,programs t emulate !
 ,f$]al art1 music1 !at]1 & writ]s      
projects ( ! ,works ,projects           
,adm9i/ration by provid+ "w = unemploy$ 
writ]s1 musicians1 arti/s1 danc]s &     
actors on projects t are consi/5t ) !   
public s]vice & equality-enhanc+        
objectives ( ?is ,act4  7#ad7 ,!        
provision ( job tra9+ to bett] equip    
,program employees to p]=m _!           
program-fund$ jobs or to all[ unemploy$ 
& und]employ$ individuals to obta9      
employm5t = :i* !y o!rwise w\ld n       
qualify4  7#ae7 ,o!r activities analog\s
 to ^? describ$ 9 p>agraphs 7#a7 ?r\gh  
7#ad7 t address public ne$s & c be      
implem5t$ quickly4  #cjd4 ,grant        
conditions ,z a condition = receiv+ a   
grant "u ?is title1 a grant applicant   
mu/-- 7#a7 %[ t x has1 to ! ext5t       
reasonably possible1 consult$ )         
community-bas$ organizations1 local     
gov]nm5t (ficials1 & o!r int]e/$ p>ties 
conc]n+--  7,a7 ! ne$s ( ! community to 
be s]v$ by ! project7s7 = :i* x is seek+

 fund+2  7,b7 ! ways 9 :i* its propos$  
project w\ld s]ve ^? ne$s2  7,c7 h[ x w 
coord9ate its activities ) o!r provid]s 
( relat$ s]vices 9 ! community2 &  7,d7 
h[ x w engage ) local resid5ts1         
community-bas$ organizations1 gov]nm5t  
(ficials1 & o!r int]e/$ p>ties on an    
ongo+ basis dur+ ! c\rse ( ! project7s72
  7#b7 agree to comply ) !              
nondiscrim9ation policy set =? "u       
section #aji ( ! ,h\s+ & ,community     
,developm5t ,act ( #aigd 7#db ,u4,s4,c4 
#ecji72  7#c7 ) respect to ! funds      
allocat$ = ea* project fund$ "u !       
grant-- 7,a7 allocate n less ?an #ge    
p]c5t = wages1 b5efits1 & support       
s]vices su* z *ildc>e = ,program        
employees & ! limit$ numb] ( p]sonnel :o
 are p]mitt$ to be paid f ,program funds
 "u ! t]ms ( ! grant ev5 ?\gh !y are n  
eligible = ,program employm5t2 &  7,b7  
allocate ! rema9+ funds to defray !     
nonlabor co/s ( ! project1 includ+      
necess>y capital goods1 supplies1       
mat]ials1 r5tal paym5ts1 transportation 

co/s1 & o!r simil> exp5ses2  7#d7 use   
rev5ue g5]at$ by a project fund$ "u !   
grant 7:e!r 9 ! =m ( fees paid = s]vices
 provid$ by ! project1 reimbursem5ts =  
exp5ses incurr$ by ! project1 or income 
f ! sale ( goods or s]vices produc$ by !
 project7 to--  7,a7 supplem5t !        
grant-fund$ project's budget2 or  7,b7  
support o!r projects fund$ by ! grant 9 
con=mity ) ! same rules & requirem5ts t 
apply to ! use ( grant funds2  7#e7     
agree to return to ! ,tru/ ,fund any    
unutiliz$ grant monies & any unutiliz$  
income receiv$ f ! sale ( goods &       
s]vices produc$ by a grant-fund$        
project2  7#f7 ensure t any employm5t   
fund$ "u ! grant complies ) sections    
#cje1 #cjf1 & #cjg2  7#g7 in/itute an   
outrea* program ) community             
organizations & s]vice provid]s 9       
l[-income communities to provide        
in=mation ab\t employm5t opportunities  
fund$ "u ! grant2  7#h7 ensure t n less 
?an #ce p]c5t ( individuals employ$ "u !
 grant qualify z disadvantag$1 unless   

!re are insuffici5t numb]s ( su*        
individuals ref]able to ! project by !  
local "o-/op c5t]1 9 :i* case ! p]c5tage
 ( su* individuals employ$ "u ! grant   
%all be z great z is reasonably         
possible2  7#i7 ensure t all grant-fund$
 projects provide adequate job tra9+1   
ei!r 9-h\se by ! ,program employ] or by 
n-=-pr(it tra9+ programs "u contract ) !
 ,program employ]1 to ensure t !        
,program employees !y hire are able to  
p]=m _! jobs 9 a pr(essionally compet5t 
mann]2  7#aj7 agree to c>ry out all     
grant-fund$ projects 9 a mann] t is z   
ecologically su/a9able z is reasonably  
possible2  7#aa7 agree to coop]ate ) !  
ef=ts ( ! ,(fice ( ,assi/$ ,placem5t 9  
provid+ ,program employm5t or           
grant-fund$ tra9+ = individuals eligible
 = assi/$ placem5t "u section #cjh2 &   
7#ab7 agree to coop]ate ) ! proc$ures   
e/abli%$ by ! ,(fice ( ,dispute         
,resolution 9 resolv+ disputes 9 accord 
) ! provisions ( section #cac4  #cje4   
,program employm5t describ$ ,employm5t  

fund$ "u ?is section %all meet ! foll[+ 
specifications3 7#a7 ,any employ] t     
employs an individual ^: employm5t is   
fund$ "u ! grant %all--  7,a7 cont9ue to
 employ su* individual abs5t good cause 
= ! t]m9ation ( ! individual's employm5t
 = z long z ! project has ne$ ( !       
s]vices provid$ by ! individual or until
 ! individual resigns1 :i*ev] comes     
fir/2  7,b7 employ su* individual =     
betwe5 #ce & #dj h\rs p] week if !      
individual desires full-"t employm5t1 & 
= a mutually agre$ numb] ( h\rs p] week 
less ?an #ce if ! individual desires    
"p-"t employm5t1 except t ?is requirem5t
 %all n apply if a grant recipi5t's     
,employm5t ,opportunity ,grant provides 
o!rwise = good cause %[n dur+ !         
application process2  7,c7 comply ) !   
responsible contractor /&>ds ( ! ,f$]al 
,acquisition ,regulation 7#dh ,c4,f4,r4 
#a et seq472  7,d7 pursuant to guidel9es
 e/abli%$ by ! ,secret>y1 provide       
comp5sation to su* individual t is      
comp>able 9 value to ! comp5sation      

provid$ public sector employees :o p]=m 
simil> "w 9 ! community :]e su*         
individual is employ$ or1 if no public  
sector employees p]=m su* simil> "w1    
provide comp5sation t is ( comp>able    
value to ! comp5sation provid$ public   
sector employees hir$ to p]=m "w (      
comp>able wor? 9 ! community :]e su*    
individual is employ$2  7,e7 if su*     
employm5t is 9 con/ruction1 provide     
comp5sation to any labor] or me*anic    
employ$ "u ! grant at rates n less ?an  
^? prevail+ on simil> con/ruction 9 !   
locality z det]m9$ by ! ,secret>y 9     
accordance ) sub*apt] ,,iv ( *apt] #ca (
 title #dj1 ,unit$ ,/ates ,code2 &  7,f7
 (f] affirmative assi/ance to su*       
individual 9-- 7i7 apply+ = social      
b5efits = :i* su* individual or ! memb]s
 ( su* individual's family may be       
eligible2 &  7ii7 satisfy+ cont9u+      
report+ obligations requir$ to ma9ta9   
eligibility = social b5efits su*        
individual or ! memb]s ( su*            
individual's family are receiv+4  7#b7  

,any grant recipi5t t op]ates a tra9+   
,program fund$ "u ?is title %all-- 7,a7 
provide ,program tra9ees a co/-(-liv+   
/ip5d set pursuant to /&>ds e/abli%$ by 
! ,secret>y & made payable to ! ,program
 tra9ee z long z ! ,program tra9ee      
ma9ta9s satisfactory att5dance1         
p>ticipation1 & progress 9 ! tra9+      
,program2 &  7,b7 (f] affirmative       
assi/ance to individuals enroll$ 9 !    
tra9+ program 9-- 7i7 apply+ = social   
b5efits = :i* !y or ! memb]s ( _! family
 may be eligible2 &  7ii7 satisfy+      
cont9u+ report+ obligations requir$ to  
ma9ta9 eligibility = social b5efits !y  
or memb]s ( _! family are receiv+4  7#c7
 ,no individual ^: employm5t is fund$ "u
 ?is ,act may "w = an employ] at :i* a  
collective b>ga9+ agreem5t is 9 effect  
cov]+ ! same or simil> "w1 unless--     
7,a7 ! cons5t ( ! union at su* employ]  
is obta9$2 &  7,b7 negotiations h tak5  
place betwe5 su* union & ! employ] z to 
! t]ms & conditions ( su* employm5t4    
7#d7 ,no individual may be hir$ by a    

n-=-pr(it organization 9 a position     
fund$ "u ?is ,act to p]=m functions or  
s]vices t are cu/om>ily p]=m$1 ei!r     
exclusively or almo/ exclusive by a     
,unit ( ,g5]al ,local ,gov]nm5t unless !
 ,unit ( ,g5]al ,local ,gov]nm5t 9 "q   
refuses to apply = ,program fund+ to    
exp& or improve its own p]=mance ( !    
functions or s]vices 9 "q4  7#e7 ,no    
individual ^: employm5t is fund$ "u ?is 
,act may be employ$ 9 a position if--   
7,a7 employ+ su* individual w result 9 !
 lay(f or p>tial displacem5t 7su* z a   
r$uction 9 h\rs1 wages1 or employee     
b5efits7 ( an exi/+ employee ( !        
employ]2 or  7,b7 su* individual w p]=m 
! same or sub/antially simil> "w t _h   
previ\sly be5 p]=m$ by an employee ( !  
employ] :o has be5 laid (f )9 ! prec$+  
#ab mon?s or has be5 p>tially displac$ z
 t t]m is describ$ 9 subp>agraph 7,a7   
unless ! employee has decl9$ an (f] (   
re9/atem5t to ! position ! employee     
occupi$ imm$iately prior to be+ laid (f 
or p>tially displac$4  7#f7 ,no         

individual may be hir$ = a position     
fund$ "u ?is ,act 9 a mann] t infr+es ^u
 ! promotional opportunities ( an exi/+ 
employee ( ! ,program employ]4  7#g7    
,program employees %all qualify z public
 sector employees = purposes ( all      
o!rwise applicable ,f$]al1 ,/ate1 &     
local laws4  #cjf4 ,eligibility =       
program employm5t  7a7 ,c]tification by 
"o-,/op c5t] ,an individual seek+       
,program employm5t %all h 8 or h]       
eligibility = su* employm5t c]tifi$ by a
 "o-/op c5t] s]v+ ! area :]e ! ,program 
employm5t is locat$4  7b7 ,requirem5ts =
 c]tification ,to be c]tifi$ z eligible 
= su* employm5t1 ! individual mu/       
satisfy at lea/ "o ( ! foll[+ conditions
 z ( ! date ! individual is hir$ to fill
 a job fund$ "u ?is ,act3  7#a7 ,!      
individual has be5 unemploy$ = less ?an 
#cj days & is eligible to receive       
,unemploym5t ,insurance b5efits4  7#b7  
,! individual is unemploy$ & has be5    
regi/]$ at & seek+ employm5t ) !        
assi/ance ( a "o-/op c5t] = n less ?an  

#cj days prior to ! date on :i* !       
individual is s hir$4  7#c7 ,!          
individual has be5 employ$ "p-"t :ile   
regi/]$ at & seek+ full-"t employm5t ) !
 assi/ance ( a "o-/op c5t] = n less ?an 
#cj days prior to ! date ! individual is
 s hir$4  7c7 ,availability =           
non-,program employm5t  7#a7 ,all       
,program employees %all be automatically
 regi/]$ ) ! "o-/op c5t] s]v+ ! area :]e
 ! individual resides z available = &   
seek+ "w4  7#b7 ,! "o-/op c5t] s]v+ !   
area :]e a ,program employee resides    
%all scre5 inquiries f employ]s conc]n+ 
available jobs & =w>d ^? t seem suitable
 to qualifi$ ,program employees4  7#c7  
,= purposes ( p>agraph 7#b71 ! t]m      
suitable1 us$ ) respect to a job1 means 
an (f] ( employm5t t-- 7,a7 a newly     
unemploy$ individual :o has j begun     
receiv+ ,unemploym5t ,insurance b5efits 
w\ld be requir$ to accept 9 ord] to     
avoid =feit+ _! eligibility = cont9u$   
receipt ( su* b5efits "u ! laws ( !     
,/ate 9 :i* ! ,program employee is      

employ$2 &  7,b7 is reasonably expect$  
to la/ at lea/ #f mon?s4  7#d7 ,program 
employees %all be provid$ "t (f ) pay to
 respond to inquiries reg>d+ suitable   
non-,program job op5+s4  7#e7 ,a        
,program employee :o refuses a suitable 
job (f] result+ f su* an inquiry )\t    
good cause %all--  7,a7 =feit _!        
eligibility = ,program employm5t = a    
p]iod ( #cj days1 subject to ! same     
proc$ures & "r ( appeal t applies to    
recipi5ts ( ,unemploym5t ,insurance :o  
refuse suitable employm5t2 &  7,b7      
ma9ta9 _! eligibility = ,program        
employm5t until su* proce$+s are        
complet$4  7#f7 ,a ,program employee :o 
t]m9ates _! ,program employm5t 9 ord] to
 accept o!r employm5t1 & :o subsequ5tly 
is t]m9at$ f t o!r employm5t )\t fault  
on ! individual's "p1 or :o t]m9ates t  
employm5t volunt>ily = good cause1 %all 
be eligible = imm$iate reemploym5t 9 a  
job fund$ "u ?is ,act4  7d7 ,involunt>y 
t]m9ation ( program employm5t  7#a7 ,a  
,program employee :o is involunt>ily    

t]m9at$ f _! ,program ,job = inadequate 
p]=mance ( job responsibilities %all n  
lose _! eligibility = employm5t 9 ano!r 
,program-fund$ job4  7#b7 ,a ,program   
employee :o is involunt>ily t]m9at$ =   
misconduct %all lose _! eligibility =   
,program employm5t = #cj days4  #cjg4   
,comp5sation ,= purposes ( section      
#cje7a77;,d7-- 7#a7 ,! t]m comp5sation  
%all mean h\rly wage rates1 paid &      
unpaid leave "t1 retiree b5efits1 gr\p  
life insurance1 disability insurance1 & 
heal? b5efits4  7#b7 ,! t]m comp>able 9 
value %all mean-- 7,a7 z reg>ds h\rly   
wage rates1 ! same h\rly wage rate2     
7,b7 z reg>ds paid & unpaid leave "t1 ! 
same paid & unpaid leave "t2  7,c7 z    
reg>ds retiree b5efits1 a def9$         
contribution b5efit ( comp>able actu>ial
 value provid$ 9 a plan e/abli%$ &      
adm9i/]$ by ! ,secret>y2  7,d7 z reg>ds 
gr\p life & disability insurance        
b5efits1 an actu>ially equival5t b5efit 
provid$ 9 a plan e/abli%$ & adm9i/]$ by 
! ,secret>y2 &  7,e7 z reg>ds heal?     

b5efits1 access to heal? insurance t    
provides approximately ! same level (   
b5efits = approximately ! same employee 
contribution "u ! provisions ( p>agraph 
7#c74  7#c7 ,unless a ,program ,grant   
provides o!rwise = good cause %[n by !  
grant applicant1 a ,program employ] %all
 satisfy ! requirem5ts ( ?is section    
relat+ to ! provision ( heal? b5efits by
 provid+ affirmative assi/ance to ea* ( 
its ,program employees 9 obta9+ heal?   
b5efits ?r\gh a ,/ate ,heal? ,ex*ange1 z
 p]mitt$ by ! foll[+ exceptions to !    
,,aca t apply only to ,program employees
 z h]eby enact$3  7,a7 ,! acquisition by
 a ,program employee ( su* b5efits ?r\gh
 a ,heal? ,ex*ange %all n trigg] tax    
p5alties t w\ld o!rwise apply to !      
employee or ! employee's employ] "u !   
,,aca4  7,b7 ,program employees :o apply
 = heal? b5efits "u ?is p>agraph %all be
 eligible = ! same ,/ate ,heal? ,subsidy
 ,programs z employ$ individuals :o d n 
h access to an eligible employ]-sponsor$
 plan z t t]m is def9$ 9 section        

#ejjj;,a7f77#b7 ( title #bf1 ,unit$     
,/ates ,code4  7,c7 ,any premiums a     
,program employee is requir$ to pay = a 
heal? plan obta9$ "u ?is subp>agraph    
%all be paid by ! employee's ,program   
employ] via payroll d$uctions4  7,d7 ,a 
,program employee's wages %all be adju/$
 on an individual basis to ! ext5t      
necess>y to satisfy ! comp>able-value   
requirem5t ( section #cje7a77;,d7 tak+  
into consid]ation ! tax treatm5t accord$
 any additions or subtractions f !      
employee's wages requir$ to satisfy t   
comp>able-value requirem5t4  7,e7       
,program employ]s %all n be subject to !
 p5alty set =? 9 section #dihj;,d (     
title #bf1 ,unit$ ,/ates ,code1 bas$ on 
wage adju/m5ts t comply ) ?is p>agraph4 
7#d7 ,9 consid]ation = ! sav+s !        
,program e/abli%$ "u ?is ,act w g5]ate 9
 heal? c>e sp5d+ by all levels (        
gov]nm5t1 ! subsidy co/s borne by !     
,f$]al ,gov]nm5t or by ,/ate & local    
gov]nm5ts 9 provid+ heal? b5efits to    
,program employees "u p>agraph 7#c7 %all

 n be *>geable to or reimburs$ f !      
,program's budget4  7#e7 ,*apt] #dc ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by-- 7,a7 r5umb]+ section               
#dihj;,d7c77#d7 z section               
#dihj;,d7c77#e72 &  7,b7 ins]t+ ! foll[+
 new section #dihj;,d7c77#d73  7#d7 ,tax
 n to apply to c]ta9 premium            
reimbursem5ts ,no tax %all be impos$ by 
subsection 7a7 on paym5ts or            
reimbursem5ts ( heal? insurance premiums
 made pursuant to section #cjg7c77;,c7  
or 7,d7 ( ! ,jobs = ,all ,act4  4  7#f7 
,*apt] #a ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by ins]t+ aft] section   
#ajf7;g7 ! foll[+ new subsection 7h73   
7h7 ,reimbursem5ts ( c]ta9 heal?        
insurance premiums ,= purposes ( ?is    
section1 paym5ts or reimbursem5ts (     
heal? insurance premiums made pursuant  
to section #cjg7c77;,c7 or 7,d7 ( !     
,jobs = ,all ,act %all n be includ$ 9 ! 
gross income ( ! employee4  4  #cjh4    
,assi/$ placem5t  7a7 ,individuals      
eligible = assi/$ placem5t ,individuals 

eligible = assi/$ placem5t %all         
include-- 7#a7 individuals :o h be5     
unable to f9d ,program employm5t )9 #cj 
days foll[+ ! c]tification ( _!         
eligibility = su* employm5t2  7#b7      
individuals :o are c]tifi$ z eligible = 
assi/$ placem5t by a "o-/op c5t] because
 ( special circum/ances t make x        
unlikely ! individual w be able to f9d  
employm5t )9 a reasonable p]iod ( "t )\t
 assi/$ placem5t s]vices2 &  7#c7       
individuals ^: qualifications & "w      
exp]i5ce are su* t !y ne$ additional    
tra9+ to qualify = a job t pays en\gh to
 meet _! own & _! dep5d5t's reasonable  
ne$s4  7,a7 ,= purposes ( ?is p>agraph &
 subsection 7c7 ( ?is section1 ! t]m    
dep5d5ts %all mean p]sons claimable z   
dep5d5ts on ! individual's ,f$]al income
 tax return4  7,b7 ,! ,secret>y %all    
engage 9 notice-&-comm5t rulemak+ to    
e/abli% a me?odology = develop+         
reasonable-ne$s /&>ds = use 9 implem5t+ 
?is p>agraph4  7b7 ,assi/$ placem5t     
s]vices ,^u ! regi/ration ( an eligible 

individual = assi/$ placem5t s]vices1 ! 
,assi/$ ,placem5t ,(fice %all--  7#a7   
assess ! individual's qualifications =  
employm5t & 8 or h] int]e/s 9 p>ticul>  
k9ds ( employm5t or tra9+2  7#b7 id5tify
 opportunities = ,program employm5t t   
appe> to be suitable = ! individual 9   
light ( ! individual's qualifications & 
int]e/s1 along ) any tra9+ opportunities
 t also may be ( int]e/ to ! individual2
  7#c7 discuss ^! opportunities =       
,program employm5t & tra9+ ) !          
individual2  7#d7 = ^? opportunities !  
individual expresses an int]e/ 9 pursu+1
 contact ! grant recipi5t (f]+ !        
opportunity1 rem9d ! grant recipi5t (   
its obligation to coop]ate ) ! ,assi/$  
,placem5t ,(fice 9 plac+ individuals 9  
,program employm5t or desir$ tra9+1 &   
arrange an int]view = ! individual to   
explore :e!r a mutually acceptable      
placem5t is possible ) ! grant recipi5t2
  7#e7 foll[ up ) bo? ! individual &    
grant recipi5ts to :om ! individual has 
be5 ref]r$ to asc]ta9 :e!r a placem5t   

has be5 a*iev$1 & if n :y2  7#f7 provide
 individual c\nsel+ & support s]vices = 
individuals eligible = assi/$ placem5t z
 ne$$ to a*ieve a successful placem5t2  
7#g7 provide support s]vices &          
additional fund+ to grant recipi5ts1 z  
ne$$1 to accommodate ! special ne$s (   
individuals :o ne$ su* accommodation to 
f9d & succe$ 9 ,program employm5t or    
tra9+2 &  7#h7 cont9ue to "w ) !        
individual until a successful placem5t 9
 ,program employm5t or grant-fund$ tra9+
 has be5 a*iev$1 or until ! ,assi/$     
,placem5t ,(fice concludes1 support$ by 
adequate docum5tation1 t ! individual is
 unable or unwill+ to provide ! level ( 
coop]ation requir$ to obta9 & succe$ 9  
,program employm5t or grant-fund$ tra9+1
 9 :i* case ! ,assi/$ ,placem5t ,(fice  
%all (f] assi/ance to ! individual 9    
arrang+ appropriate s]vices to address !
 problems t are int]f]+ ) ! individual's
 ability to f9d & succe$ 9 ,program     
employm5t or tra9+4  7c7 ,additional    
assi/ance available ,to ! ext5t necess>y

 to ensure t individuals :o qualify =   
assi/$ placem5t "u ?is section are able 
to e>n en\gh to meet _! own reasonable  
ne$s & ^? ( _! dep5d5ts1 ! ,assi/$      
,placem5t ,(fice %all h ! au?ority--    
7#a7 to arrange pref]5tial placem5t =   
su* individuals 9 grant-fund$ tra9+     
programs1 & foll[+ ! completion ( _!    
tra9+1 provide assi/$ placem5t s]vices  
to su* individuals to ensure t !y secure
 employm5t inside or outside ! ,program 
9 a job t utilizes _! newly acquir$     
skills2  7#b7 to ! ext5t necess>y1 to   
meet _! reasonable ne$s1 provide su*    
individuals ) pref]5tial access to goods
 & s]vices produc$ by ! ,program1 su* z 
af=dable h\s+ & *ildc>e s]vices2  7#c7  
to supplem5t ! income ( su* individuals 
) ! equival5t ( a v\*] = h\s+ assi/ance 
"u section #h7o7 ( ! ,unit$ ,/ates ,h\s+
 ,act ( #aicg1 if su* a v\*] is n       
o!rwise available2 &  7#d7 to furni% su*
 individuals ) o!r income supplem5ts t  
exp& eligibility = or add value to !    
,e>n$ ,income ,tax ,cr$it 7#bf ,u4,s4,c4

 #cb71 ! ,*ild ,tax ,cr$it 7#bf         
,u4,s4,c4 #bd71 or ! ,l[ ,income ,home  
,en]gy ,assi/ance program 7#db ,u4,s4,c4
 #hfba et seq474  7d7 ,grant recipi5t's 
obligation ,to coop]ate ,grant recipi5ts
 %all coop]ate ) ef=ts to provide assi/$
 placem5t to individuals eligible =     
assi/$ placem5t "u subsection 7a74 ,?is 
duty %all mean1 among o!r ?+s1 t a grant
 recipi5ts mu/ h good cause to refuse   
,program employm5t to a p]son ref]r$ to 
x = assi/$ placem5t4  #cji4 ,priority   
giv5 to c]ta9 projects ,priority 9 !    
aw>d ( ,employm5t ,opportunity ,grants  
%all be accord$ to projects t-- 7#a7    
provide goods & s]vices1 su* z *ildc>e1 
transportation1 af=dable h\s+1 job      
tra9+1 & pe] support1 t make x easi] =  
individuals :o want to "w to d s2 or    
7#b7 s]ve areas ) ! greate/ level (     
economic ne$1 det]m9$ = ea* su* area by 
factors su* z--  7,a7 ! unemploym5t     
rate2  7,b7 ! rate ( pov]ty2  7,c7 !    
numb] ( c5sus tracts 9 ! area )         
conc5trat$ pov]ty2  7,d7 ! level ( m$ian

 income 9 ! area2  7,e7 ! p]c5tage (    
resid5tial units 9 ! area t appe> to h  
be5 ab&on$2  7,f7 ! p]c5tage ( homes 9 !
 area t are 9 =eclosure2 &  7,g7        
indicators ( poor resid5t heal?1 includ+
 high rates ( *ronic disease1 infant    
mortality1 & l[ life expectancy4  #caj4 
,/>tup p]iod ,s9ce x w take "t = !      
,program e/abli%$ by ?is ,act to develop
 ! project-managem5t exp]i5ce &         
project-developm5t capacity ne$$ to     
fully a*ieve ! ,act's goals1 ! ,secret>y
 %all h ! au?ority to e/abli% reasonable
 priorities 9 plann+ & execut+ !        
implem5tation ( ?is ,act1 provid$--     
7#a7 ! numb] ( jobs creat$ 9 ea*        
community dur+ ! />tup p]iod is r\ghly  
proportionate to ! level ( unemploym5t1 
involunt>y "p-"t employm5t1 & non-labor 
=ce p>ticipation by p]sons :o want & are
 available to accept jobs 9 ea*         
community1 &  7#b7 ! type ( jobs creat$ 
9 ea* community disproportionately favor
 ^? individuals & population gr\ps :o   
enjoy ! fewe/ alt]native employm5t      

opportunities4  #caa4 ,secret>y's       
au?ority to adm9i/] projects directly   
7a7 ,9 g5]al ,! ,secret>y %all h !      
au?ority to use ,tru/ ,fund monies to   
e/abli% & directly adm9i/] job creation 
projects dur+ ! />tup p]iod provid$ = 9 
section #caj4  7b7 ,:5 ! />tup p]iod has
 end$ ,once ! />tup p]iod describ$ 9    
section #abe has end$1 ! ,secret>y %all 
h a cont9u+ obligation to ensure !      
availability ( en\gh jobs to provide    
suitable "w = ev]yone :o wants x ev]y:]e
 9 ! ,nation1 includ+ by ! direct       
adm9i/ration ( job creation projects to 
! ext5t necess>y or useful 9 a*iev+ !   
purposes ( ?is ,act4  #cab4 ,reports    
7a7 ,reports by grant recipi5ts ,n lat] 
?an #ij days aft] ! la/ day ( ea* fiscal
 ye> = :i* grant fund+ has be5 provid$  
"u ?is title1 grant recipi5ts %all      
submit to ! ,secret>y a report conta9+  
su* in=mation z ! ,secret>y requires    
conc]n+ _! use ( _! grant4  7b7 ,report 
to ,congress ,at lea/ once e #f mon?s1 !
 ,secret>y %all report to ,congress on !

 ,act's implem5tation & effects4  #cac4 
,dispute resolution  7a7 ,disputes      
conc]n+ ! allocation or use ( program   
funds ,alleg$ improprieties involv+ !   
allocation or use ( ,program funds1     
includ+1 )\t limitation1 alleg$         
violations ( p>agraph 7#c71 7#d71 or    
7#e7 ( section #cjd1 %all be inve/igat$ 
by ! ,(fice ( ,dispute ,resolution      
pursuant to rules & proc$ures e/abli%$  
by ! ,secret>y4 ,^? rules & proc$ures   
%all be design$ to ensure a prompt &    
fair review ( ! conte/$ matt] bas$ on ! 
obligation ( all int]e/$ p>ties to full 
& transp>5t coop]ation ) ! inve/igation4
 ,a failure to provide su* coop]ation   
%all be deem$ to support a conclusion t 
! in=mation be+ s\ght w\ld be adv]se to 
! noncoop]at+ p>ty's int]e/s4 ,any      
adm9i/rative response ord]$ by ! ,(fice 
( ,dispute ,resolution z a result ( its 
inve/igation %all be design$ to fur!r ! 
goals & integrity ( ! ,program4  7b7    
,disputes aris+ out ( program employm5t 
& tra9+ ,disputes reg>d+ an individual's

 eligibility = ,program employm5t or    
tra9+1 ! t]ms & conditions ( !          
individual's ,program employm5t or      
tra9+1 ! imposition ( discipl9e on a    
,program employee or ,program tra9ee1 ! 
involunt>y t]m9ation ( an individual's  
,program employm5t or tra9+1 or any o!r 
individual "r1 :e!r creat$ by ?is ,act  
or bas$ on o!rwise exi/+ law1 may be    
submitt$ by ! adv]sely affect$          
individual = resolution pursuant to !   
rules & proc$ures e/abli%$ = !          
resolution ( su* disputes by ! ,(fice ( 
,dispute ,resolution4  7c7 ,waiv] (     
rights ,= disputes fall+ )9 ! scope (   
subsection 7b71 ! election by an        
individual to pursue a legal rem$y o!r  
?an t provid$ by ! ,program's dispute   
resolution sy/em %all automatically     
waive ! individual's "r to submit !     
dispute to ! ,program's dispute         
resolution sy/em unless all p>ties to ! 
dispute agree to ! t]m9ation ( ! o!r    
legal proce$+ & ! submission ( ! dispute
 = resolution "u subsection 7b74  7d7   

,brea*es ( a collective b>ga9+ agreem5t 
,if a dispute fall+ )9 ! scope (        
subsection 7a7 or 7b7 includes an alleg$
 brea* ( a collective b>ga9+ agreem5t   
7,,cba71 ! jurisdiction ( ! ,program's  
,(fice ( ,dispute ,resolution may n be  
invok$ to decide any issue t dep5ds on !
 int]pretation ( ! ,,cba1 b x may be    
invok$ "u subsection 7a7 or 7b71 z      
appropriate1 to decide o!r aspects ( !  
dispute1 ei!r be=e ! contract dispute is
 resolv$ if bo? p>ties to ! ,,cba agree 
to ! submission1 or aft] ! contract     
dispute has be5 resolv$ if issues rema9 
t are suitable = resolution by ! ,(fice 
( ,dispute ,resolution4  7e7 ,o!r       
disputes ,p]sons or entities t claim to 
h suff]$ a legally cognizable detrim5t z
 a result ( a violation ( ?is ,act t    
does n fall )9 ! scope ( subsection 7a7 
or 7b7 may h _! claim inve/igat$ & obta9
 an appropriate adm9i/rative response by
 fil+ a compla9t ) ! ,(fice ( ,dispute  
,resolution4  7f7 ,:i/lebl[] hotl9e ,9  
addition to ! proc$ures e/abli%$ by !   

,secret>y to =mally invoke !            
jurisdiction ( ! ,(fice ( ,dispute      
,resolution1 in=mation involv+ alleg$   
violations ( ?is ,act may be report$    
in=mally to ! ,(fice ( ,dispute         
,resolution4  #cad4 ,tax on securities  
transactions  7a7 ,9 g5]al ,*apt] #cf ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by ins]t+ aft] sub*apt] ,b !      
foll[+ new sub*apt]3  ,c ,tax on        
securities transactions  #ddge4 ,tax on 
trad+ transactions  7a7 ,imposition (   
tax ,!re is h]eby impos$ a tax on !     
transf] ( own]%ip 9 ea* cov]$           
transaction ) respect to any security4  
7b7 ,rate ( tax ,! tax impos$ "u        
subsection 7a7 ) respect to any cov]$   
transaction %all be ! applicable        
p]c5tage ( ! specifi$ base am\nt )      
respect to su* cov]$ transaction4 ,!    
applicable p]c5tage %all be--  7#a7 #j4b
 p]c5t 9 ! case ( a security describ$ 9 
subp>agraph 7,a7 or 7,b7 ( subsection   
7e77#a71  7#b7 #j4jf p]c5t 9 ! case ( a 
security describ$ 9 subp>agraph 7,c7 (  

subsection 7e77#a71  7#c7 #j4b p]c5t 9 !
 case ( a security describ$ 9           
subp>agraph 7,d7 ( subsection 7e77#a7 if
 ! und]ly+ assets on :i* ! rights &     
obligations creat$ by ! security are    
bas$ consi/ ( o!r securities describ$ 9 
subp>agraph 7,a7 or 7,b7 ( subsection   
7e77#a71  7#d7 #j4b p]c5t 9 ! case ( a  
security describ$ 9 subp>agraph 7,f7 (  
subsection 7e77#a7 if ! index on :i* !  
rights & obligations creat$ by !        
security are bas$ is an index ref]5c+ ! 
values ( securities describ$ 9          
subp>agraph 7,a7 or 7,b7 ( subsection   
7e77#a77;,a71 &  7#e7 #j4jf p]c5t 9 !   
case ( any security describ$ 9          
subp>agraph 7,d71 7,e71 or 7,f7 (       
subsection 7e77#a7 7o!r ?an a security  
describ$ 9 p>agraph 7#c7 or 7#d774  7c7 
,specifi$ base am\nt ,= purposes ( ?is  
section1 ! t]m specifi$ base am\nt      
means-- 7#a7 except z provid$ 9 p>agraph
 7#b71 ! fair m>ket value ( ! security  
7det]m9$ z ( ! "t ( ! cov]$             
transaction71 &  7#b7 9 ! case ( any    

paym5t describ$ 9 subsection 7h71 !     
am\nt ( su* paym5t4  7d7 ,cov]$         
transaction ,= purposes ( ?is section1 !
 t]m cov]$ transaction means--  7#a7    
except z provid$ 9 p>agraph 7#b71 any   
pur*ase if-- 7,a7 su* pur*ase occurs or 
is cle>$ on a facility locat$ 9 ! ,unit$
 ,/ates1 or  7,b7 ! pur*as] or sell] is 
a ,unit$ ,/ates p]son1 &  7#b7 any      
transaction ) respect to a security     
describ$ 9 subp>agraph 7,d71 7,e71 or   
7,f7 ( subsection 7e77#a71 if--  7,a7   
su* security is trad$ or cle>$ on a     
facility locat$ 9 ! ,unit$ ,/ates1 or   
7,b7 any p>ty ) rights "u su* security  
is a ,unit$ ,/ates p]son4  7e7 ,security
 & o!r def9itions ,= purposes ( ?is     
section-- 7#a7 ,security ,! t]m security
 means--  7,a7 any %>e ( /ock 9 a       
corporation1  7,b7 any p>tn]%ip or      
b5eficial own]%ip int]e/ 9 a p>tn]%ip or
 tru/1  7,c7 any note1 bond1 deb5ture1  
or o!r evid5ce ( indebt$ness1 o!r ?an a 
,/ate or local bond ! int]e/ ( :i* is   
exclud$ f gross income "u section       

#ajc7;a71  7,d7 any evid5ce ( an int]e/ 
91 or a d]ivative f9ancial in/rum5t )   
respect to1 any security or securities  
describ$ 9 subp>agraph 7,a71 7,b71 or   
7,c71  7,e7 any d]ivative f9ancial      
in/rum5t ) respect to any curr5cy or    
commodity includ+ notional pr9cipal     
contracts1 &  7,f7 any o!r d]ivative    
f9ancial in/rum5t any paym5t ) respect  
to :i* is calculat$ by ref]5ce to any   
specifi$ index4  7#b7 ,d]ivative        
f9ancial in/rum5t ,! t]m d]ivative      
f9ancial in/rum5t includes any option1  
=w>d contract1 futures contract1        
notional pr9cipal contract1 or any      
simil> f9ancial in/rum5t4  7#c7         
,specifi$ index ,! t]m specifi$ index   
means any "o or m ( any comb9ation (--  
7,a7 a fix$ rate1 price1 or am\nt1 or   
7,b7 a v>iable rate1 price1 or am\nt1   
:i* is bas$ on any curr5t objectively   
det]m9able in=mation :i* is n )9 !      
control ( any ( ! p>ties to ! contract  
or in/rum5t & is n unique to any ( !    
p>ties' circum/ances4  7#d7 ,treatm5t ( 

ex*anges  7,a7 ,9 g5]al ,an ex*ange %all
 be treat$ z ! sale ( ! prop]ty         
transf]r$ & a pur*ase ( ! prop]ty       
receiv$ by ea* p>ty to ! ex*ange4  7,b7 
,c]ta9 deem$ ex*anges ,9 ! case ( a     
di/ribution treat$ z an ex*ange = /ock  
"u section #cjb or #cca1 ! corporation  
mak+ su* di/ribution %all be treat$ z   
hav+ pur*as$ su* /ock = purposes ( ?is  
section4  7f7 ,exceptions  7#a7         
,exception = initial issues ,no tax %all
 be impos$ "u subsection 7a7 on any     
cov]$ transaction ) respect to ! initial
 issuance ( any security describ$ 9     
subp>agraph 7,a71 7,b71 or 7,c7 (       
subsection 7e77#a74  7#b7 ,exception =  
c]ta9 trad$ %ort-t]m indebt$ness ,a     
note1 bond1 deb5ture1 or o!r evid5ce (  
indebt$ness :i*-- 7,a7 is trad$ on a    
trad+ facility locat$ 9 ! ,unit$ ,/ates1
 &  7,b7 has a fix$ maturity ( n m ?an  
#fj days1 %all n be treat$ z describ$ 9 
subsection 7e77#a77;,c74  7#c7          
,exception = securities l5d+ arrangem5ts
 ,no tax %all be impos$ "u subsection   

7a7 on any cov]$ transaction ) respect  
to :i* ga9 or loss is n recogniz$ by    
reason ( section #ajeh4  7#d7 ,exception
 = int]e/s 9 mutual funds ,no tax %all  
be impos$ "u subsection 7a7 ) respect to
 ! pur*ase or sale ( any int]e/ 9 a     
regulat$ inve/m5t company 7z def9$ 9    
section #hea74  7g7 ,by :om paid  7#a7  
,9 g5]al ,! tax impos$ by ?is section   
%all be paid by-- 7,a7 9 ! case ( a     
transaction :i* occurs or is cle>$ on a 
facility locat$ 9 ! ,unit$ ,/ates1 su*  
facility1 &  7,b7 9 ! case ( a pur*ase n
 describ$ 9 subp>agraph 7,a7 :i* is     
execut$ by a brok] 7z def9$ 9 section   
#fjde7;c77#a771 ! brok]4  7#b7 ,special 
rules = direct1 etc41 transactions ,9 ! 
case ( any transaction to :i* p>agraph  
7#a7 does n apply1 ! tax impos$ by ?is  
section %all be paid by--  7,a7 9 ! case
 ( a transaction describ$ 9 subsection  
7d77#a7-- 7i7 ! pur*as] if ! pur*as] is 
a ,unit$ ,/ates p]son1 &  7ii7 ! sell]  
if ! pur*as] is n a ,unit$ ,/ates p]son1
 &  7,b7 9 ! case ( a transaction       

describ$ 9 subsection 7d77#b7--  7i7 !  
payor if ! payor is a ,unit$ ,/ates     
p]son1 &  7ii7 ! payee if ! payor is n a
 ,unit$ ,/ates p]son4  7h7 ,c]ta9       
paym5ts treat$ z sep>ate transactions   
,except z o!rwise provid$ by !          
,secret>y1 any paym5t ) respect to a    
security describ$ 9 subp>agraph 7,d71   
7,e71 or 7,f7 ( subsection 7e77#a7 %all 
be treat$ z a sep>ate transaction =     
purposes ( ?is section1 includ+--  7#a7 
any net initial paym5t1 net f9al or     
t]m9at+ paym5t1 or net p]iodical paym5t 
) respect to a notional pr9cipal        
contract 7or simil> f9ancial in/rum5t71 
7#b7 any paym5t ) respect to any =w>d   
contract 7or simil> f9ancial in/rum5t71 
&  7#c7 any premium paid ) respect to   
any option 7or simil> f9ancial          
in/rum5t74  7i7 ,adm9i/ration ,!        
,secret>y %all c>ry out ?is section 9   
consultation ) ! ,securities & ,ex*ange 
,commission & ! ,commodity ,futures     
,trad+ ,commission4  7j7 ,guidance2     
regulations ,! ,secret>y %all-- 7#a7    

provide guidance reg>d+ su* in=mation   
report+ conc]n+ cov]$ transactions z !  
,secret>y deems appropriate1 includ+    
report+ by ! payor ( ! tax 9 cases :]e !
 payor is n ! pur*as]1 &  7#b7 prescribe
 su* regulations z are necess>y or      
appropriate to prev5t avoidance ( !     
purposes ( ?is section1 includ+ ! use ( 
non-,unit$ ,/ates p]sons 9 su*          
transactions4  7k7 ,:i/lebl[]s ,see     
section #gfbc = provisions relat+ to    
:i/lebl[]s4  4  7b7 ,p5alty = failure   
,to include cov]$ transaction in=mation 
) return ,"p ,i ( sub*apt] ,b ( *apt]   
#fh ( ! ,int]nal ,rev5ue ,code ( #aihf  
is am5d$ by ins]t+ aft] section #fgjg;,a
 ! foll[+ new section3  #fgjg;,b4       
,p5alty = failure to include cov]$      
transaction in=mation ) return  7a7     
,imposition ( p5alty ,any p]son :o fails
 to include on any return or /atem5t any
 in=mation ) respect to a cov]$         
transaction :i* is requir$ pursuant to  
section #ddge7;j77#a7 to be includ$ )   
su* return or /atem5t %all pay a p5alty 

9 ! am\nt det]m9$ "u subsection 7b74    
7b7 ,am\nt ( p5alty ,except z o!rwise   
provid$ 9 ?is subsection1 ! am\nt ( !   
p5alty "u subsection 7a7 ) respect to   
any cov]$ transaction %all be det]m9$ by
 ! ,secret>y4  7c7 ,cov]$ transaction ,=
 purposes ( ?is section1 ! t]m cov]$    
transaction has ! mean+ giv5 su* t]m by 
section #ddge7;d74  7d7 ,au?ority ,to   
resc9d p5alty  7#a7 ,9 g5]al ,!         
,commission] ( ,int]nal ,rev5ue may     
resc9d all or any portion ( any p5alty  
impos$ by ?is section ) respect to any  
violation if resc9d+ ! p5alty w\ld      
promote compliance ) ! requirem5ts ( ?is
 title & effective tax adm9i/ration4    
7#b7 ,no judicial appeal ,not)/&+ any   
o!r provision ( law1 any det]m9ation "u 
?is subsection may n be review$ 9 any   
judicial proce$+4  7#c7 ,records ,if a  
p5alty is resc9d$ "u p>agraph 7#a71 !   
,commission] %all place 9 ! file 9 !    
,(fice ( ! ,commission] ! op9ion ( !    
,commission] ) respect to ! det]m9ation1
 includ+--  7,a7 a /atem5t ( ! facts &  

circum/ances relat+ to ! violation1     
7,b7 ! reasons = ! rescission1 &  7,c7 !
 am\nt ( ! p5alty resc9d$4  7e7         
,coord9ation ) o!r p5alties ,! p5alty   
impos$ by ?is section %all be 9 addition
 to any o!r p5alty impos$ by ?is title4 
4  7c7 ,cl]ical am5dm5ts  7#a7 ,! table 
( sections = "p ,i ( sub*apt] ,b ( *apt]
 #fh ( su* ,code is am5d$ by ins]t+ aft]
 ! item relat+ to section #fgjg;,a !    
foll[+ new item3  ,sec4 #fgjg;,b4       
,p5alty = failure to include cov]$      
transaction in=mation ) return4  4  7#b7
 ,! table ( sub*apt]s = *apt] #cf ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to sub*apt]
 ,b ! foll[+ new item3  ,sub*apt]       
,c--,tax on securities transactions  4  
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to transactions  
occurr+ m ?an #ahj days aft] ! date ( ! 
enactm5t ( ?is ,act4