I 
118TH CONGRESS 
2D SESSION 
H. R. 7886 
To establish a National Full Employment Trust Fund to create employment 
opportunities for the unemployed, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 5, 2024 
Ms. WILSON of Florida introduced the following bill; which was 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 deter-
mined by the Speaker, in each case for consideration of such provisions 
as fall within the jurisdiction of the committee concerned 
A BILL 
To establish a National Full Employment Trust Fund to 
create employment opportunities for the unemployed, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Humphrey-Hawkins 21st Century Full Employment and 
Training Act of 2024’’ or the ‘‘Jobs for All Act’’. 
(b) TABLE OF CONTENTS.—The table of contents of 
this Act is as follows: 
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Sec. 1. Short title; table of contents. 
Sec. 2. Findings and purposes. 
Sec. 3. Definitions. 
TITLE I—ESTABLISHMENT OF NATIONAL FULL EMPLOYMENT 
TRUST FUND 
Sec. 101. National Full Employment Trust Fund. 
Sec. 102. Source of funds. 
Sec. 103. Loans from the Federal Reserve System. 
Sec. 104. Trust Fund corpus reserved. 
TITLE II—PROGRAM ADMINISTRATION 
Sec. 201. In general. 
Sec. 202. Grant management. 
Sec. 203. Office of Technical Assistance. 
Sec. 204. Office of Educational Support. 
Sec. 205. Office of Assisted Placement. 
Sec. 206. Office of Dispute Resolution. 
Sec. 207. Office of Statistics and Research. 
Sec. 208. National Employment Conference. 
Sec. 209. Program website. 
Sec. 210. Staffing administrative functions. 
Sec. 211. Workforce Innovation and Opportunity Act. 
TITLE III—EMPLOYMENT OPPORTUNITY GRANTS 
Sec. 301. Grants. 
Sec. 302. Eligible entities. 
Sec. 303. Use of funds. 
Sec. 304. Grant conditions. 
Sec. 305. Program employment described. 
Sec. 306. Eligibility for program employment. 
Sec. 307. Compensation. 
Sec. 308. Assisted placement. 
Sec. 309. Priority given to certain projects. 
Sec. 310. Startup period. 
Sec. 311. Secretary’s authority to administer projects directly. 
Sec. 312. Reports. 
Sec. 313. Dispute resolution. 
Sec. 314. Tax on securities transactions. 
SEC. 2. FINDINGS AND PURPOSES. 
(a) FINDINGS.—Congress finds the following: 
(1) The Federal Government has established 
the achievement of full employment as a national 
goal in the Employment Act of 1946 and the Full 
Employment and Balanced Growth Act of 1978. 
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(2) Consistent with this goal and pursuant to 
these Acts, the Congress has declared it to be the 
continuing policy and responsibility of the Federal 
Government to use all practicable means to create 
and maintain conditions which promote useful em-
ployment opportunities for all who seek them, in-
cluding the self-employed. 
(3) Consistent with this goal and pursuant to 
these Acts, the Congress has also declared and es-
tablished as a national goal the fulfillment of the 
right to full opportunities for useful paid employ-
ment at fair rates of compensation of all individuals 
able, willing, and seeking to work. 
(4) The United States also has a duty under 
Articles 55 and 56 of the United Nations Charter to 
promote ‘‘full employment’’ and the ‘‘universal re-
spect for, and observance of, human rights and fun-
damental freedoms for all without distinction as to 
race, sex, language, or religion’’. 
(5) The human rights the United States has a 
duty to promote pursuant to this obligation are set 
forth in the Universal Declaration of Human Rights. 
(6) Article 23 of the Universal Declaration of 
Human Rights states that ‘‘Everyone has the right 
to work’’ and to ‘‘just and favorable remuneration’’ 
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(9) Notwithstanding the targets set forth in the 
Full Employment and Balanced Growth Act of 
1978, the United States continues to suffer substan-
tial unemployment and underemployment across all 
phases of the business cycle, including periods when 
the Board of Governors of the Federal Reserve Sys-
tem is pursuing policies that may be useful in con-
trolling inflation but whose necessary consequence is 
the continuation of a level of unemployment and 
underemployment that is inconsistent with the 
achievement of full employment and the realization 
of the right to work. 
(10) The Federal Government’s failure to de-
velop and implement policies capable of reconciling 
the need to control inflation with its obligation to 
achieve full employment and secure the right to 
work imposes numerous economic and social costs on 
the Nation, the following among them: 
(A) The Nation is deprived of the full sup-
ply of goods and services and related increases 
in economic well-being that would occur under 
conditions of genuine full employment. 
(B) The Nation’s depressed output of 
goods and services, especially in the public sec-
tor, is insufficient to meet pressing national 
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needs for infrastructure investment and mainte-
nance, public transportation, clean energy pro-
duction, low and moderate income housing, edu-
cation, health care, child and elder care, and 
many other public goods and human services. 
(C) Unemployment and underemployment 
expose many workers and families to signifi-
cant, social, psychological, and physiological 
costs, including disruption of family life, the 
loss of individual dignity and self-respect, and 
the aggravation of physical and mental ill-
nesses. 
(D) Persisting unemployment and under-
employment have devastating financial con-
sequences for its victims, resulting in the loss of 
income and spending power for families, and 
interfering with their ability to save and accu-
mulate assets for a secure family life and retire-
ment. 
(E) Because disadvantaged population 
groups suffer the burdens and harmful con-
sequences of unemployment with greater fre-
quency and at higher levels than nondisadvan-
taged population groups, unemployment pre-
sents a virtually insurmountable barrier to the 
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achievement of equal opportunity for all Ameri-
cans. 
(F) Exceptionally high levels of unemploy-
ment among the Nation’s youth are particularly 
harmful because of their long-term negative ef-
fects. 
(G) High levels of unemployment and inad-
equate consumer demand also contribute to 
poor conditions for retail businesses, manufac-
turers, and many other firms to grow and pros-
per. 
(H) In the real estate sector, the Congress 
finds that high levels of unemployment con-
tribute to foreclosures, evictions, and commer-
cial vacancies, thereby undermining the quality 
of neighborhood and community life, and ham-
pering prospects for the economic development 
of all the Nation’s neighborhoods and commu-
nities. 
(11) Since the historic promise of the Employ-
ment Act of 1946 and the Full Employment and 
Balanced Growth Act of 1978 has not been realized, 
the Congress declares and reaffirms the Federal 
Government’s obligation to insure the availability of 
decent jobs for all at living wages. 
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(12) The Congress further declares and reaf-
firms that the elimination of job disparities among 
groups of workers who experience chronically higher 
rates of unemployment and underemployment is an 
essential component of the Federal Government’s 
commitment to the achievement of full employment 
and the realization of the right to work. 
(13) The Congress also finds that both job va-
cancy surveys and historic experience shows that 
even at the top of the business cycle, when the na-
tional unemployment rate drops to the 4 percent or 
below, the economy fails to provide enough jobs to 
employ everyone who wants to work. Consequently, 
the need for direct job creation by the Federal Gov-
ernment is especially important at such times to 
close the economy’s job gap without adding signifi-
cantly to inflationary pressures, a goal it is virtually 
impossible to achieve with economic policies directed 
at boosting production in the private sector of the 
economy. 
(14) The Congress further finds that in addi-
tion to providing a non-inflationary pathway for the 
achievement of full employment and the realization 
of the right to work, the direct job-creation strategy, 
conceived and tested by the Federal Government 
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during the New Deal era, would also reduce the se-
verity of recessions while enriching the Nation with 
a substantial increase in the production of badly 
needed public goods and services. 
(15) The Congress further finds that because of 
the broad range of social costs the problem of unem-
ployment imposes on society, including in particular 
reduced tax collections and increased social welfare 
expenditures by all levels of government, the achieve-
ment of full employment and the realization of the 
right to work by means of the New Deal’s direct job 
creation strategy would cost far less than other 
major social welfare benefits provided by government 
and might even end up saving the public money. 
(16) Therefore, while the Congress fully sup-
ports efforts to maximize the creation of private, 
public, and nonprofit sector jobs through improved 
use of general economic and structural policies, it 
recognizes and affirms the need to supplement those 
policies with a well-designed direct job creation pro-
gram committed to and capable of closing the econo-
my’s job gap across all phases of the business cycle. 
(b) PURPOSE.—It is the purpose of the Jobs for All 
Act to achieve genuine full employment and fulfill the 
right to useful work at living wages for all persons able, 
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