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WPA Act

Introduced: February 25, 2021 Introduced by: Watson Coleman, Bonnie Democratic · New Jersey See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 25, 2021

Referred to the Subcommittee on Worker and Family Support.

Feb 25, 2021

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.

Feb 25, 2021

Introduced in House

Plain-English summary Congressional Research Service

Workforce Promotion and Access Act or the WPA Act

This bill requires the Department of Labor to establish a program to provide grants for job guarantee programs. Specifically, such grants are awarded on a competitive basis to political subdivisions of states, tribal entities, and outlying areas with a high unemployment rate to establish a program to ensure employment to residents. A job guarantee program qualifies under this bill if the jobs provided under the program pay a certain wage, are included in an established bargaining unit, provide health insurance, and comply with certain leave requirements.

The bill also imposes a trading excise tax, with certain exemptions, on certain transactions occurring on a qualified board or exchange in the United States or with respect to a derivative. The rate of such tax is 0.1% on purchases of stocks, bonds, and derivatives.

The tax applies to transactions by a controlled foreign corporation and must be paid by its U.S. shareholders.

What's happening now February 25, 2021

Referred to the Subcommittee on Worker and Family Support.

Committees of jurisdiction 3