H.R.870 - Humphrey-Hawkins 21st Century Full Employment and Training Act

To establish the National Full Employment Trust Fund to create employment opportunities for the unemployed. view all titles (3)

All Bill Titles

  • Official: To establish the National Full Employment Trust Fund to create employment opportunities for the unemployed. as introduced.
  • Short: Work Opportunities and Revitalizing Our Communities Act as introduced.
  • Short: Humphrey-Hawkins 21st Century Full Employment and Training Act as introduced.

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Bill’s Views

  • Today: 3
  • Past Seven Days: 13
  • All-Time: 9,243
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/02/11
 
 
 
 
 
 
 

Sponsor

Representative

John Conyers

D-MI

View Co-Sponsors (52)

OpenCongress Summary

This bill is designed to ensure full employment (i.e. 4% unemployment) after 10 years. It sets a series of unemployment targets that, if not met, would trigger the disbursement of funds from a "National Full Employment Trust Fund," which would be made up of revenue from a new financial transactions tax on financial corporations. The funds would be used for a direct jobs program that would immediately place unemployed people in public, non-profit and small business jobs in areas hardest hit by unemployment.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official Summary

Humphrey-Hawkins 21st Century Full Employment and Training Act or Work Opportunities and Revitalizing Our Communities Act - Directs the Secretary of Labor to establish a Full Employment National Trust Fund with two separate accounts for: (1) Employment Opportunity Grants to states, local go

Official Summary

Humphrey-Hawkins 21st Century Full Employment and Training Act or Work Opportunities and Revitalizing Our Communities Act - Directs the Secretary of Labor to establish a Full Employment National Trust Fund with two separate accounts for:
(1) Employment Opportunity Grants to states, local governments, and Indian tribes for job-creating activities in communities whose economy is not at a level of full employment; and
(2) Workforce Investment programs. Directs the Secretary to convene a national employment conference to bring together leaders of small, medium, and large businesses, labor, government, and other parties to discuss employment, with particular attention to structural unemployment and the plight of disadvantaged youth. Amends the Workforce Investment Act of 1998 to revise member composition requirements for state and local workforce investment boards to include at least 25% of the chief executive officers of minority-serving, community-based organizations. Amends the Internal Revenue Code to impose a tax on certain covered securities transactions, payable by trading facilities that deal in such transactions.

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Organizations Supporting H.R.870

  • Progressive Democrats of America
  • Unemployed Workers Action Group
  • Unemployed People United
  • NY Physicians for Social Responsibility
  • Campaign to Abolish Poverty
  • Institute for Economic Analysis
  • ...and 13 more. See all.

Organizations Opposing H.R.870

  • None via MapLight at this time.


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