HR 4277 112th Congress House

Humphrey-Hawkins 21st Century Full Employment and Training Act of 2012

Official title: To establish the National Full Employment Trust Fund to create employment opportunities for the unemployed.

Introduced: June 5, 2012 See on congress.gov

Labor and Employment Alternative dispute resolution, mediation, arbitrationEmployment and training programsEmployment discrimination and employee rightsFinancial services and investments

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Government information and archivesGovernment trust fundsLabor standardsLabor-management relationsLicensing and registrationsMinority and disadvantaged businessesSales and excise taxesSecuritiesUnemploymentWages and earningsYouth employment and child labor

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 26, 2012

Referred to the Subcommittee on Higher Education and Workforce Training.

Mar 28, 2012

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Mar 28, 2012

Introduced in House

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Latest action September 26, 2012

Referred to the Subcommittee on Higher Education and Workforce Training.

Plain-English summary Congressional Research Service

Humphrey-Hawkins 21st Century Full Employment and Training Act of 2012 - 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.

Establishes arbitration procedures for resolution of disputes for grant recipients. Requires the Secretary of Labor to post a whistleblower hotline on the Department of Labor's website for the public to report noncompliance with the Act's requirements.

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 or purchasers that deal in such transactions.

Requires a transferor with respect to any outbound securities transaction to deduct and withhold a tax equal to the tax imposed on covered securities transactions.

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