H.R. 4277: Humphrey-Hawkins 21st Century Full Employment and Training Act of 2012

112th Congress, 2011–2012

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

Sponsor:
Rep. John Conyers Jr. [D-MI14]
Status:
Referred to Committee

Bill titles and the summary above are written by the sponsor. H.R. stands for House of Representatives bill.

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Bill Overview

Status:
Introduced Mar 28, 2012
Referred to Committee Mar 28, 2012
Reported by Committee (not yet occurred)
Passed House (not yet occurred)
Passed Senate (not yet occurred)
Signed by the President (not yet occurred)
This bill was assigned to a congressional committee on March 28, 2012, which will consider it before possibly sending it on to the House or Senate as a whole.
Prognosis:

This bill has a 2% chance of being enacted. The following factors were considered:

The sponsor is a member of the minority party. (-2%)

A cosponsor in the minority party has a high leadership score. (+3%)

Just 4% of all House of Representatives bills in 2009–2010 were enacted.

Text:
Cosponsors:
show cosponsors (59)
Committees:

House Committee on Education and the Workforce

House Committee on Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Primary Source

THOMAS (The Library of Congress)
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Official Summary

This summary was written by the Congressional Research Service, a nonpartisan arm of the Library of Congress. GovTrack did not write and has no control over these summaries.

3/28/2012--Introduced.
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.