SECTION 1. SHORT TITLE. 
This Act shall be cited as the ‘‘Humphrey-Hawkins 
21st Century Full Employment and Training Act of 
2015’’. 
SEC. 2. FINDINGS AND PURPOSE. 
(a) FINDINGS.—Congress finds the following: 
(1) The Full Employment and Balanced 
Growth Act of 1978 established an interim 5-year 
target of 3-percent unemployment for individuals 20 
years of age and older, and 4 percent for individuals 
age 16 and over within 5 years, with full employ-
ment to be achieved ‘‘as soon as practicable’’ there-
after. 
(2) The Federal Government has previously es-
tablished full employment as a national goal in na-
tional legislation, including the Employment Act of 
1946 and the Full Employment and Balanced 
Growth Act of 1978. 
(3) Pursuant to these Acts, the Congress de-
clared it is the continuing policy and responsibility 
of the Federal Government to use all practicable 
means to create and maintain conditions which pro-
mote useful employment opportunities for all who 
seek them, including the self-employed. Pursuant to 
these Acts, the Congress declared and established as 
a national goal the fulfillment of the right to full op-
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portunities for useful paid employment at fair rates 
of compensation of all individuals able, willing, and 
seeking to work. 
(4) The Nation has suffered substantial unem-
ployment and underemployment, and idleness of pro-
ductive resources over prolonged periods of time, im-
posing numerous economic and social costs on the 
Nation. 
(5) The Nation has been deprived of the full 
supply of goods and services, the full utilization of 
labor and capital resources, and the related increases 
in economic well-being that would occur under condi-
tions of genuine full employment. 
(6) The current output of goods and services is 
insufficient to meet pressing national priorities for 
infrastructure, transportation, energy, education, 
health care, child and elder care, and many other 
necessary public and human services. 
(7) Unemployment and underemployment ex-
pose many workers and families to significant, so-
cial, psychological and physiological costs, including 
disruption of family life, the loss of individual dig-
nity and self-respect, and the aggravation of physical 
and psychological illnesses. 
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(8) Persisting unemployment and underemploy-
ment have devastating financial consequences, re-
sulting in the loss of income and spending power for 
families, and interfering with their ability to save 
and accumulate assets for a secure family life and 
retirement. High levels of unemployment and inad-
equate consumer demand also contribute to poor 
conditions for retail businesses, manufacturers and 
many other firms to grow and prosper. In the real 
estate sector, the Congress finds that continuing 
high levels of unemployment contribute to fore-
closures, evictions, and commercial vacancies, under-
mining the quality of neighborhood and community 
life, and hampering prospects for economic recovery 
and national prosperity. 
(9) The historic promise of this earlier legisla-
tion has not been fully realized, and we re-declare 
and reaffirm our support for achieving a national 
goal of jobs for all at living wages. 
(10) The United States has a duty under Arti-
cles 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’’. The human rights 
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the United States has a duty to promote pursuant 
to this obligation are set forth in the Universal Dec-
laration of Human Rights. Article 23 of the Uni-
versal Declaration states that ‘‘Everyone has the 
right to work’’ and to ‘‘just and favorable remunera-
tion’’ that insures for his or her family ‘‘an existence 
worthy of human dignity, and supplemented, if nec-
essary, by other means of social protection’’. 
(11) The Congress has a strong interest in 
seeking the progressive reduction and elimination of 
job disparities among groups of workers who experi-
ence chronically higher rates of unemployment and 
underemployment. 
(12) Even at the top of the business cycle, when 
national unemployment rates drop to the 4-percent 
to 5-percent range, job vacancy surveys show that 
the economy does not provide enough jobs to employ 
everyone who wants to work. Reliance on direct job 
creation to close the economy’s job gap is especially 
important at such times, because it provides a 
means of creating additional jobs without adding 
significantly to inflationary pressures, a very dif-
ficult goal to achieve at the top of the business cycle 
via macroeconomic policy interventions. 
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(13) The Congress intends to maximize the cre-
ation of private, public and nonprofit sector jobs 
through improved use of general economic and struc-
tural policies, including measures to encourage pri-
vate sector investment and capital formation; an in-
creased public investment in research and develop-
ment, infrastructure, energy, education, public serv-
ices and the environment, and other essential goods 
and services. 
(b) PURPOSE.—It is the purpose of the Humphrey- 
Hawkins 21st Century Full Employment and Training 
Act of 2015 to fulfill the right to useful work at living 
wages for all persons seeking employment by establishing 
a Full Employment Trust Fund to fund and operate a 
national program of public service employment and to pro-
vide additional labor market opportunities to complement 
those offered by the existing private, public, and nonprofit 
sectors. 
SEC. 3. DEFINITIONS. 
In this Act the following definitions apply: 
(1) INDIAN TRIBE.—The term ‘‘Indian tribe’’ 
has the meaning given such term in section 102(17) 
of the Housing and Community Development Act 
(42 U.S.C. 5302(17)). 
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SEC. 4. ESTABLISHMENT OF FULL EMPLOYMENT NATIONAL 
TRUST FUND. 
(a) IN GENERAL.—The Secretary shall establish a 
Full Employment National Trust Fund (in this Act re-
ferred to as the ‘‘Trust Fund’’) for the purposes of— 
(1) providing funding for the Employment Op-
portunity Grants established in section 5; and 
(2) issuing funds to the Secretary to fund pro-
grams under the Workforce Innovation and Oppor-
tunity Act of 2014 (29 U.S.C. 3101 et seq.). 
(b) FINANCING THE TRUST FUND.—Subject to the 
availability of appropriations for this purpose, the Sec-
retary of the Treasury shall annually make available to 
the Secretary of Labor for deposit into the Trust Fund 
an amount equal to the amount collected for that year 
through the tax described in section 4475 of the Internal 
Revenue Code of 1986, as added by section 8. 
(c) LOANS FROM
THE FEDERAL RESERVE SYS-
TEM.— 
(1) IN GENERAL.—If the amount available in 
the Trust Fund for allocation under section 5 is in-
sufficient to prevent the national unemployment rate 
from rising more than one full percentage point 
above its previously attained level, the Board of Gov-
ernors of the Federal Reserve System shall lend 
such additional amounts to the Trust Fund as are 
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necessary to allow the Secretary of Labor to make 
such additional allocations under section 5 as are 
necessary to restore the national unemployment rate 
to its allowable 1-percent range of upward variation. 
(2) REPAYMENT.—Amounts lent to the Trust 
Fund by the Board of Governors of the Federal Re-
serve System under paragraph (1) shall be repaid by 
the Trust Fund over 10 years, with interest payable 
at the same average rate the Federal Government 
contracts to pay on 10-year bonds sold during the 
period beginning 45 days prior to the date the loans 
were made to the Trust Fund and ending 45 days 
following such date. 
(d) SEPARATE TRUST FUND ACCOUNTS.—The Trust 
Fund shall consist of 2 separate accounts as follows: 
(1) One account shall consist of 67 percent of 
the funds made available for deposit under sub-
section (b) and shall be for the Employment Oppor-
tunity Grants established in section 5. 
(2) The other account shall consist of 33 per-
cent of the funds made available for deposit under 
subsection (b) and shall be available to the Secretary 
to fund programs under the Workforce Innovation 
and Opportunity Act of 2014 (29 U.S.C. 3101 et 
seq.). 
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(e) WEB SITE.—The Secretary shall establish an 
Internet Web site to serve as an information clearinghouse 
for job training and employment opportunities funded by 
the Trust Fund. 
(f) TRAINING STIPEND.—The Secretary shall pro-
mulgate regulations requiring entities that receive funds 
under programs under the Workforce Innovation and Op-
portunity Act of 2014 (29 U.S.C. 3101 et seq.) that are 
funded by the account described in subsection (d)(2) to 
establish training stipends for individuals who participate 
in such programs. 
(g) RESEARCH FACILITY.—The Secretary, through 
studies conducted by the Department of Labor or through 
independent studies, shall— 
(1) review the effectiveness of job training and 
job creation programs funded under this Act; 
(2) disseminate information concerning best 
practices for achieving the goals of the Act as well 
as common difficulties encountered in that endeavor; 
and 
(3) acquire a better understanding of the true 
net cost of the job training and job creation pro-
grams funded under this Act by documenting the in-
direct effects of those programs on the revenues re-
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ceived and costs incurred by different levels of gov-
ernment. 
SEC. 5. EMPLOYMENT OPPORTUNITY GRANTS. 
(a) GRANTS.—Subject to the availability of funds in 
the Trust Fund, the Secretary shall make grants to eligi-
ble entities for the purpose of creating employment oppor-
tunities for unemployed and underemployed individuals in 
activities designed to address community needs and reduce 
disparities in health, housing, education, job readiness, 
and public infrastructure that have impeded these commu-
nities from realizing their full economic potential. 
(b) ELIGIBLE ENTITIES.—Entities eligible to receive 
grants under this section shall include States, Indian 
tribes, units of general local government, elementary and 
secondary educational institutions that derive their sup-
port entirely or primarily from public funds, educational 
institutions that participate in the Federal Work-Study 
Program, and not-for-profit organizations that qualify as 
tax-exempt under section 501(c)(3), (5), (8), (9), (19), or 
(26) of the Internal Revenue Code. 
(c) USE OF FUNDS.—A recipient of a grant under 
this section shall use the grant for the following purposes: 
(1) Construction, re-construction, rehabilitation, 
and site improvements of residences or public facili-
ties, including improvements in the energy efficiency 
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or environmental quality of such public facilities or 
residences. 
(2) Provision of human services, including child 
care, health care, support services for individuals 
and families with special needs, education, after- 
school and vacation programs for children, and rec-
reational and cultural enrichment programs for per-
sons of all ages. 
(3) Programs that provide disadvantaged youth 
with opportunities for employment, education, lead-
ership development, entrepreneurial skills develop-
ment, and training. 
(4) The repair, remodeling and beautification of 
schools, community centers, libraries and other com-
munity-based public facilities, and the augmentation 
of staffing for the services they provide. 
(5) The restoration and revitalization of aban-
doned and vacant properties to alleviate blight in 
distressed and foreclosure-affected areas of a unit of 
general local government. 
(6) The expansion of emergency food programs 
to reduce hunger and promote family stability. 
(7) The augmentation of staffing in Head 
Start, child care, and other early childhood edu-
cation programs to promote school readiness, early 
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literacy, life-long learning, and family involvement in 
their children’s education. 
(8) The renovation and enhancement of mainte-
nance of parks, playgrounds, and other public 
spaces. 
(9) Supplemental labor for existing federally or 
State-funded infrastructure projects. 
(10) Supplemental labor for existing federally 
or State-funded projects aimed at expanding access 
to broadband or wireless Internet service. 
(11) The implementation of environmental ini-
tiatives designed to conserve natural resources, re-
mediate environmental damage, reverse climate 
change, and achieve environmental sustainability. 
(12) The enhancement of emergency prepared-
ness for natural and other community disasters and 
of post-emergency assistance for the victims of disas-
ters. 
(13) The expansion of work-study opportunities 
for secondary and post-secondary students, and the 
creation of ‘‘bridge employment’’ opportunities for 
recent graduates who have been unable to find work 
in the occupations for which they have trained. 
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(14) Other activities that address public needs 
and which can be implemented as quickly as the ac-
tivities described in paragraphs (1) through (11). 
(d) CONSULTATION REQUIRED.—Each grant recipi-
ent shall consult with community leaders, including labor 
organizations, nonprofit community-based organizations, 
local government officials, and local residents to— 
(1) assess the needs of the community served 
by the grant recipient; 
(2) determine sectors of the local economy that 
are in need of employees; 
(3) make recommendations for new employment 
opportunities in the areas described in subsection 
(c); and 
(4) assess the effectiveness of job placements 
made under this Act. 
(e) CONDITIONS.—As a condition of receiving a grant 
under this section, a grant recipient shall— 
(1) agree to comply with the nondiscrimination 
policy set forth under section 109 of the Housing 
and Community Development Act of 1974 (42 
U.S.C. 5309); 
(2) with respect to the funds allocated for each 
project funded under the grant— 
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(A) allocate not less than 80 percent for 
wages, benefits, and support services, including 
child care services, for individuals, supervisory 
and management personnel, employed on such 
project; and 
(B) allocate the remaining funds to defray 
the nonlabor costs of the project, including nec-
essary capital goods, supplies, materials, rental 
payments, transportation costs, and other simi-
lar expenses; 
(3) use revenue generated by a project funded 
under the grant (whether in the form of fees paid 
for services provided by the project, reimbursements 
for expenses incurred in undertaking the project, or 
income from the sale of goods or services produced 
by the project) in excess of the costs of the project 
to— 
(A) supplement the project budget; or 
(B) support other projects funded by the 
grant in conformity with the purposes of this 
Act and subject to the same rules and require-
ments that apply to other such projects; 
(4) ensure that employment on any project 
funded under the grant is carried out in accordance 
with subsection (c); 
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(5) institute an outreach program with commu-
nity organizations and service providers in low-in-
come communities to provide information about 
placements funded under the grant to individuals 
suited to perform community infrastructure work; 
and 
(6) ensure that not less than 35 percent of indi-
viduals employed under the grant are individuals de-
scribed in paragraph (4)(B) of subsection (f). 
(f) EMPLOYMENT DESCRIBED.—Employment funded 
under this section shall meet the following specifications: 
(1) Any employer that employs an individual 
whose employment is funded under the grant shall— 
(A) continue to employ such individual for 
not less than 12 months, subject to the individ-
ual’s satisfactory performance of the reasonable 
requirements of the individual’s employment; 
(B) if such an individual desires full-time 
employment, employ such individual for not less 
than 35 hours per week and not more than 40 
hours, and if such an individual desires part- 
time work, employ such individual for a mutu-
ally agreed number of hours per week that is 
less than 35 hours per week; 
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(C) comply with responsible contractor 
standards, as determined by the relevant official 
in the unit of local general government; 
(D) provide compensation to such indi-
vidual on a per hour basis equal to the com-
pensation provided to public sector employees 
who perform similar work in the community 
where such individual is employed or, if no pub-
lic sector employees perform such similar work, 
provide compensation to such individual that is 
comparable to the compensation provided to 
private-sector employees who perform similar 
work in the community where such individual is 
employed; 
(E) if such employment is in construction, 
provide compensation to any laborer or me-
chanic employed under the grant at rates not 
less than those prevailing on similar construc-
tion in the locality as determined by the Sec-
retary in accordance with subchapter IV of 
chapter 31 of title 40, United States Code; and 
(F) offer assistance to such individual in 
applying for social benefits for which such indi-
vidual or the members of such individual’s fam-
ily may be eligible. 
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(2) No individual whose employment is funded 
under the grant may work for an employer at which 
a collective bargaining agreement is in effect cov-
ering the same or similar work, unless— 
(A) the consent of the union at such em-
ployer is obtained; and 
(B) negotiations have taken place between 
such union and the employer as to the terms 
and conditions of such employment. 
(3)(A) An employer may not employ an indi-
vidual for a position funded under this Act, if— 
(i) employing such individual will result in 
the layoff or partial displacement (such as a re-
duction in hours, wages, or employee benefits) 
of an existing employee of the employer; or 
(ii) such individual will perform the same 
or substantially similar work that had pre-
viously been performed by an employee of the 
employer who— 
(I) has been laid off or partially dis-
placed (as such term is described in sub-
clause (I)); and 
(II) has not been offered by the em-
ployer, to be restored to the position the 
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employee had immediately prior to being 
laid off or partially displaced. 
(B) For the purposes of this paragraph, a posi-
tion shall be considered to have been eliminated by 
an employer if the position has remained unfilled 
and the unit or organization has not sought to fill 
such position for at least a period of one month. 
(C) An individual may not be hired for a posi-
tion funded under this Act in a manner that in-
fringes upon the promotional opportunities of an ex-
isting employee (as of the date of such hiring) of an 
employer receiving funds under this Act. 
(4) An individual seeking employment in a job 
funded under this Act shall have their eligibility for 
such employment certified by the State employment 
service in the State where the job is located. To be 
certified as eligible for such employment, the indi-
vidual shall satisfy at least one of the following con-
ditions as of the date the individual is hired to fill 
a job funded under this Act: 
(A) The individual is receiving unemploy-
ment insurance benefits. 
(B) The individual is unemployed, is a 
member of a targeted group as defined by sec-
tion 51(d) of the Internal Revenue Code of 
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1986, and has been seeking employment, with 
the assistance of the State employment service, 
for not less than 30 days prior to the date on 
which the individual is so hired. 
(C) The individual is unemployed and has 
been seeking employment, with the assistance of 
the State employment service, for not less than 
60 days prior to the date the individual is so 
hired. 
(D) The individual has been employed 
part-time while seeking full-time employment 
with the assistance of the State employment 
service for not less than 13 weeks prior to the 
date the individual is so hired. 
(5) An individual employed in a job funded 
under this Act shall— 
(A) notwithstanding the individual’s em-
ployment in a job funded under this Act, be 
registered with the appropriate State employ-
ment service as available for and seeking work; 
(B) respond appropriately, as a person 
available for and seeking employment, to refer-
rals by the State employment service concerning 
available jobs; 
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(C) apply for suitable jobs for which the 
individual has been referred by the State em-
ployment service; and 
(D) accept a suitable job if such job is of-
fered to the individual. 
For purposes of subparagraphs (C) and (D), the 
term ‘‘suitable job’’ means a job that a newly unem-
ployed individual receiving unemployment insurance 
benefits would be required to accept in order to 
avoid forfeiting the individual’s eligibility for contin-
ued receipt of unemployment insurance benefits 
under the laws of the State in which the individual 
is employed in a job funded under this Act. An indi-
vidual employed under this Act shall be granted time 
off with pay to comply with subparagraph (C). An 
individual who fails to comply with the requirements 
set forth in subparagraphs (C) and (D) without good 
cause shall be subject to disqualification for employ-
ment in a job funded under this act for a period not 
to exceed 13 weeks, after which time the individual’s 
eligibility shall be restored provided they have satis-
fied the eligibility requirements set forth in para-
graph 4. Any such disqualification must be effected 
in accord with the laws, regulations and procedures 
that govern an individual’s disqualification from con-
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tinued receipt of Unemployment Insurance benefits 
in the State, except that no wages paid or owing to 
the individual for work already performed can be 
forfeited as a result of such proceeding. 
(6) An individual employed in a job funded 
under this Act who terminates that employment in 
order to accept other employment, and who subse-
quently is terminated from that other employment 
without fault on the individual’s part, shall be eligi-
ble for immediate reemployment in a job funded 
under this Act. 
(7) In hiring individuals for positions funded 
under this Act, or using funds under this Act to con-
tinue to provide employee compensation for existing 
employees, an employer shall comply with all appli-
cable Federal, State, and local laws, personnel poli-
cies and regulations, and collective bargaining agree-
ments, as if such individual was hired, or such em-
ployee compensation were provided, without assist-
ance under this Act. 
(8) An individual hired for a position funded 
under this Act shall— 
(A) be considered an employee of the em-
ployer, by which such individual was hired; and 
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(B) receive the same employee compensa-
tion, have the same rights and responsibilities 
and job classifications, and be subject to the 
same job standards, employer policies, and col-
lective bargaining agreements as if such indi-
vidual were hired without assistance under this 
Act. 
(g) AWARD OF GRANTS.— 
(1) SELECTION
CRITERIA.—In selecting a 
project to receive funding for employing the individ-
uals described in subsection (f)(4), a grant recipient 
shall consider— 
(A) the input of all participants in a pro-
posed project, including labor organizations, 
community organizations, and employers; 
(B) the needs of the community intended 
to benefit from such project; 
(C) the long-term goals and short-term ob-
jectives to address such needs; and 
(D) any recommendations for programs 
and activities developed to meet such needs. 
(2) PRIORITY GIVEN TO CERTAIN PROJECTS.— 
A grant recipient under this section shall give pri-
ority to projects that— 
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(A) serve areas with the greatest level of 
economic need, determined for each such area 
by— 
(i) the unemployment rate; 
(ii) the rate of poverty; 
(iii) the number of census tracts with 
concentrated poverty; 
(iv) the lowest median income; 
(v) the percentage of vacant and 
abandoned properties; 
(vi) the percentage of home fore-
closures; and 
(vii) the indicators of poor resident 
health, including high rates of chronic dis-
ease, infant mortality, and life expectancy; 
(B) integrate education and job skills 
training, including basic skills instruction and 
secondary education services; 
(C) coordinate to the maximum extent fea-
sible with pre-apprenticeship and apprenticeship 
programs; and 
(D) provide jobs in sectors where job 
growth is most likely, as determined by the Sec-
retary, and in which career advancement oppor-
tunities exist to maximize long-term, sustain-
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able employment for individuals after employ-
ment funded under this Act ends. 
(h) ALLOCATION OF GRANTS.—The total amount of 
grant funding awarded under this section for a fiscal year 
shall not exceed 90 percent of the funds available in the 
account described in section 4(d)(1) for such year. The 
Secretary shall develop criteria for the allocation of these 
funds. These criteria shall ensure, to the extent reasonably 
possible, that— 
(1) the number of jobs created with those funds 
in each community will be proportionate to the level 
of unemployment, involuntary part-time employment, 
and non-labor-force participation by persons who 
want and are available to accept jobs in each com-
munity, and 
(2) the type of jobs created with those funds in 
each community will be designed to match the quali-
fications of unemployed and under-employed job- 
seekers in those communities, taking into consider-
ation available training opportunities. 
If the total number of jobs created in a particular commu-
nity under this Act falls short of the number needed to 
provide jobs for substantially all job seekers, the Secretary 
of Labor shall have the authority to establish and admin-
ister its own job creation projects in the community. 
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(i) REPORTS.— 
(1) REPORTS
BY
GRANT
RECIPIENTS.—Not 
later than 90 days after the last day of each fiscal 
year in which assistance under this section is fur-
nished, a recipient of a grant under this section shall 
submit to the Secretary a report containing the fol-
lowing: 
(A) A description of the progress made in 
accomplishing the objectives of this chapter. 
(B) A summary of the use of the grant 
during the preceding fiscal year. 
(C) For units of general local government, 
a listing of each entity receiving funds and the 
amount of such grants, as well as a brief sum-
mary of the projects funded for each such unit, 
the extent of financial participation by other 
public or private entities, and the impact on 
employment and economic activity of such 
projects during the previous fiscal year. 
(D) For States, a listing of each unit of 
general local government receiving funds and 
the amount of such grants, as well as a brief 
summary of the projects funded for each such 
unit, the extent of financial participation by 
other public or private entities, and the impact 
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on employment and economic activity of such 
projects during the previous fiscal year. 
(E) The amount of money received and ex-
pended during the fiscal year. 
(F) The number of individuals assisted 
under the grant whose household income is low- 
income, very low-income, or extremely low-in-
come (as such terms are used for purposes of 
the Housing Act of 1937 and the regulations 
thereunder (42 U.S.C. 1437 et seq.)). 
(G) The amount expended on administra-
tive costs during the fiscal year. 
(2) REPORT
TO
CONGRESS.—At least once 
every 6 months, the Secretary shall submit to Con-
gress a report on the use of grants awarded under 
this section and any progress in job creation. 
(j) ESTABLISHMENT
OF
ARBITRATION
PROCE-
DURE.— 
(1) IN GENERAL.—Each grant recipient under 
this section shall agree to the arbitration procedure 
described in this subsection to resolve disputes de-
scribed in subsections (k) and (l). 
(2) WRITTEN GRIEVANCES.— 
(A) IN GENERAL.—If an employee (or an 
employee representative) wishes to use the arbi-
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tration procedure described in this subsection, 
such party shall file a written grievance within 
the time period required under subsection (k) 
or (l), as applicable, simultaneously with the 
chief executive officer of a unit or State in-
volved in the dispute and the Secretary. 
(B) IN-PERSON MEETING.—Not later than 
10 days after the date of the filing of the griev-
ance, the chief executive officer (or the designee 
of the chief executive officer) shall have an in- 
person meeting with the party to resolve the 
grievance. 
(3) ARBITRATION.— 
(A) SUBMISSION.—If the grievance is not 
resolved within the time period described in 
paragraph (2)(B), a party, by written notice to 
the other party involved, may submit such 
grievance to binding arbitration before a quali-
fied arbitrator who is jointly selected and inde-
pendent of the parties. 
(B) APPOINTMENT BY SECRETARY.—If the 
parties cannot agree on an arbitrator within 5 
days of submitting the grievance to binding ar-
bitration under subparagraph (A), one of the 
parties may submit a request to the Secretary 
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to appoint a qualified and independent arbi-
trator. The Secretary shall appoint a qualified 
and independent arbitrator within 15 days after 
receiving the request. 
(C) HEARING.—Unless the parties mutu-
ally agree otherwise, the arbitrator shall con-
duct a hearing on the grievance and issue a de-
cision not later than 30 days after the date 
such arbitrator is selected or appointed. 
(D) COSTS.— 
(i) IN GENERAL.—Except as provided 
in clause (ii), the cost of an arbitration 
proceeding shall be divided evenly between 
the parties to the arbitration. 
(ii) EXCEPTION.—If a grieving party 
prevails under an arbitration proceeding, 
the recipient of a grant under this section 
shall pay the cost of such proceeding, in-
cluding attorneys’ fees. 
(k) DISPUTES CONCERNING
THE ALLOTMENT
OF 
FUNDS.—In a case where a unit of general local govern-
ment that is an entitlement community or a State has im-
properly requested funds for services or functions to be 
provided by a community-based organization that are cus-
tomarily provided by the unit or, in the case of a State, 
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by a unit located in the non-entitlement area of the State 
where services or functions will be provided by the organi-
zation, an employee or employee representative of the unit 
or State may file a grievance under subsection (j) not later 
than 15 days after public notice of an intent to submit 
an application under this section is published. Upon re-
ceiving a copy of the grievance, the Secretary shall with-
hold the funds subject to such grievance, unless and until 
the grievance is resolved under subsection (j), by the par-
ties or an arbitrator in favor of providing such funding. 
(l) ALL OTHER DISPUTES.— 
(1) IN GENERAL.—In the case of a dispute not 
covered under subsection (k) concerning compliance 
with the requirements of this section by a recipient 
of a grant under this section, an employee or em-
ployee representative of the unit or State may file a 
grievance under subsection (k) not later than 90 
days after the dispute arises. In such cases, an arbi-
trator may award such remedies as are necessary to 
make the grieving party whole, including the rein-
statement of a displaced employee or the payment of 
back wages, and may submit recommendations to 
the Secretary to ensure further compliance with the 
requirements of this title, including recommenda-
tions to suspend or terminate funding, or to require 
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the repayment of funds received under this title dur-
ing any period of noncompliance. 
(2) EXISTING
GRIEVANCE
PROCEDURES.—A 
party to a dispute described in paragraph (1) may 
use the existing grievance procedure of a recipient of 
a grant under this section, or the arbitration proce-
dure described in this subsection, to resolve such dis-
pute. 
(m) PARTY DEFINED.—For purposes of subsections 
(j), (k), and (l), the term ‘‘party’’ means the employee and 
the recipient of a grant under this section, involved in a 
dispute described in subsection (k) or (l). 
(n) WHISTLEBLOWER HOTLINE; ENFORCEMENT BY 
THE SECRETARY.— 
(1) WHISTLEBLOWER
HOTLINE.—The Sec-
retary shall post on a publicly accessible Internet 
Web site of the Department of Labor the contact in-
formation for reporting noncompliance with this title 
by a State, unit of general local government, com-
munity-based organization, or individual receiving 
funding under this title. 
(2) ENFORCEMENT BY THE SECRETARY.— 
(A) IN
GENERAL.—If the Secretary re-
ceives a complaint alleging noncompliance with 
this title, the Secretary may conduct an inves-
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tigation and after notice and an opportunity for 
a hearing, may order such remedies as the Sec-
retary determines appropriate, including— 
(i) withholding further funds under 
this title to a noncompliant entity; 
(ii) requiring the entity to make an 
injured party whole; or 
(iii) requiring the entity to repay to 
the Secretary any funds received under 
this title during any period of noncompli-
ance. 
(B) RECOMMENDATION
BY
AN
ARBI-
TRATOR.—A remedy described in subparagraph 
(A) may also be ordered by the Secretary upon 
recommendation by an arbitrator appointed or 
selected under this section. 
SEC. 6. NATIONAL EMPLOYMENT CONFERENCE. 
(a) IN GENERAL.—Using funds described in section 
4(d)(2), the Secretary shall convene a national employ-
ment conference not later than 1 year after the date of 
enactment of this Act, and annually thereafter. 
(b) SUBJECT.—The subject of the conference shall be 
the role of this Act in addressing all aspects of the prob-
lems of unemployment, the sharing of best practices in ad-
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dressing those problems, and the discussion of problems 
in the administration of this Act. 
SEC. 7. INCLUSION OF MINORITY-SERVING, COMMUNITY- 
BASED 
ORGANIZATIONS 
IN 
STATE 
AND 
LOCAL WORKFORCE DEVELOPMENT BOARDS. 
(a) STATE BOARDS.—Section 101(b)(1)(C) of the 
Workforce Innovation and Opportunity Act (29 U.S.C. 
3111(b)(1)(C)) is amended— 
(1) by striking ‘‘and’’ at the end of subclause 
(II); 
(2) by inserting ‘‘and’’ at the end of subclause 
(III); and 
(3) by adding at the end the following: 
‘‘(IV) are not less than 25 per-
cent of the chief executive officers of 
minority-serving, community-based or-
ganizations;’’. 
(b) LOCAL BOARDS.—Section 107(b)(2)(C) of such 
Act (29 U.S.C. 3122(b)(2)(A)) is amended by adding at 
the end the following: 
‘‘(iv) shall include not less than 25 
percent of the chief executive officers of 
minority-serving, community-based organi-
zations;’’. 
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(c) EFFECTIVE DATE.—The amendments made by 
this section shall take effect as if enacted as part of the 
Workforce Innovation and Opportunity Act (29 U.S.C. 
3101 et seq.). 
SEC. 8. TAX ON SECURITIES TRANSACTIONS. 
(a) IN GENERAL.—Chapter 36 of the Internal Rev-
enue Code of 1986 is amended by inserting after sub-
chapter B the following new subchapter: 
‘‘Subchapter C—Tax on Securities 
Transactions 
‘‘SEC. 4475. TAX ON TRADING TRANSACTIONS. 
‘‘(a) IMPOSITION OF TAX.—There is hereby imposed 
a tax on the transfer of ownership in each covered trans-
action with respect to any security. 
‘‘(b) RATE OF TAX.—The tax imposed under sub-
section (a) with respect to any covered transaction shall 
be the applicable percentage of the specified base amount 
with respect to such covered transaction. The applicable 
percentage shall be— 
‘‘(1) 0.2 percent in the case of a security de-
scribed in subparagraph (A) or (B) of subsection 
(e)(1), 
‘‘(2) 0.06 percent in the case of a security de-
scribed in subparagraph (C) of subsection (e)(1), 
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‘‘(3) 0.2 percent in the case of a security de-
scribed in subparagraph (D) of subsection (e)(1) if 
the underlying assets on which the rights and obliga-
tions created by the security are based consist of 
other securities described in subparagraph (A) or 
(B) of subsection (e)(1), 
‘‘(4) 0.2 percent in the case of a security de-
scribed in subparagraph (F) of subsection (e)(1) if 
the index on which the rights and obligations created 
by the security are based is an index referencing the 
values of securities described in subparagraph (A) or 
(B) of subsection (e)(1)(A), and 
‘‘(5) 0.06 percent in the case of any security 
described in subparagraph (D), (E), or (F) of sub-
section (e)(1) (other than a security described in 
paragraph (3) or (4)). 
‘‘(c) SPECIFIED BASE AMOUNT.—For purposes of 
this section, the term ‘specified base amount’ means— 
‘‘(1) except as provided in paragraph (2), the 
fair market value of the security (determined as of 
the time of the covered transaction), and 
‘‘(2) in the case of any payment described in 
subsection (h), the amount of such payment. 
‘‘(d) COVERED TRANSACTION.—For purposes of this 
section, the term ‘covered transaction’ means— 
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‘‘(1) except as provided in paragraph (2), any 
purchase if— 
‘‘(A) such purchase occurs or is cleared on 
a facility located in the United States, or 
‘‘(B) the purchaser or seller is a United 
States person, and 
‘‘(2) any transaction with respect to a security 
described in subparagraph (D), (E), or (F) of sub-
section (e)(1), if— 
‘‘(A) such security is traded or cleared on 
a facility located in the United States, or 
‘‘(B) any party with rights under such se-
curity is a United States person. 
‘‘(e) SECURITY AND OTHER DEFINITIONS.—For pur-
poses of this section— 
‘‘(1) 
IN
GENERAL.—The 
term 
‘security’ 
means— 
‘‘(A) any share of stock in a corporation, 
‘‘(B) any partnership or beneficial owner-
ship interest in a partnership or trust, 
‘‘(C) any note, bond, debenture, or other 
evidence of indebtedness, other than a State or 
local bond the interest of which is excluded 
from gross income under section 103(a), 
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‘‘(D) any evidence of an interest in, or a 
derivative financial instrument with respect to, 
any security or securities described in subpara-
graph (A), (B), or (C), 
‘‘(E) any derivative financial instrument 
with respect to any currency or commodity in-
cluding notional principal contracts, and 
‘‘(F) any other derivative financial instru-
ment any payment with respect to which is cal-
culated by reference to any specified index. 
‘‘(2) DERIVATIVE
FINANCIAL
INSTRUMENT.— 
The term ‘derivative financial instrument’ includes 
any option, forward contract, futures contract, no-
tional principal contract, or any similar financial in-
strument. 
‘‘(3) SPECIFIED
INDEX.—The term ‘specified 
index’ means any 1 or more of any combination of— 
‘‘(A) a fixed rate, price, or amount, or 
‘‘(B) a variable rate, price, or amount, 
which is based on any current objectively deter-
minable information which is not within the 
control of any of the parties to the contract or 
instrument and is not unique to any of the par-
ties’ circumstances. 
‘‘(4) TREATMENT OF EXCHANGES.— 
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‘‘(A) IN GENERAL.—An exchange shall be 
treated as the sale of the property transferred 
and a purchase of the property received by each 
party to the exchange. 
‘‘(B) CERTAIN DEEMED EXCHANGES.—In 
the case of a distribution treated as an ex-
change for stock under section 302 or 331, the 
corporation making such distribution shall be 
treated as having purchased such stock for pur-
poses of this section. 
‘‘(f) EXCEPTIONS.— 
‘‘(1) EXCEPTION FOR INITIAL ISSUES.—No tax 
shall be imposed under subsection (a) on any cov-
ered transaction with respect to the initial issuance 
of any security described in subparagraph (A), (B), 
or (C) of subsection (e)(1). 
‘‘(2) EXCEPTION FOR CERTAIN TRADED SHORT- 
TERM INDEBTEDNESS.—A note, bond, debenture, or 
other evidence of indebtedness which— 
‘‘(A) is traded on a trading facility located 
in the United States, and 
‘‘(B) has a fixed maturity of not more 
than 60 days, shall not be treated as described 
in subsection (e)(1)(C). 
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‘‘(3) EXCEPTION FOR SECURITIES LENDING AR-
RANGEMENTS.—No tax shall be imposed under sub-
section (a) on any covered transaction with respect 
to which gain or loss is not recognized by reason of 
section 1058. 
‘‘(4) EXCEPTION FOR INTERESTS IN MUTUAL 
FUNDS.—No tax shall be imposed under subsection 
(a) with respect to the purchase or sale of any inter-
est in a regulated investment company (as defined in 
section 851). 
‘‘(g) BY WHOM PAID.— 
‘‘(1) IN GENERAL.—The tax imposed by this 
section shall be paid by— 
‘‘(A) in the case of a transaction which oc-
curs or is cleared on a facility located in the 
United States, such facility, and 
‘‘(B) in the case of a purchase not de-
scribed in subparagraph (A) which is executed 
by a broker (as defined in section 6045(c)(1)), 
the broker. 
‘‘(2) SPECIAL
RULES
FOR
DIRECT, 
ETC., 
TRANSACTIONS.—In the case of any transaction to 
which paragraph (1) does not apply, the tax imposed 
by this section shall be paid by— 
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‘‘(A) in the case of a transaction described 
in subsection (d)(1)— 
‘‘(i) the purchaser if the purchaser is 
a United States person, and 
‘‘(ii) the seller if the purchaser is not 
a United States person, and 
‘‘(B) in the case of a transaction described 
in subsection (d)(2)— 
‘‘(i) the payor if the payor is a United 
States person, and 
‘‘(ii) the payee if the payor is not a 
United States person. 
‘‘(h) CERTAIN PAYMENTS TREATED AS SEPARATE 
TRANSACTIONS.—Except as otherwise provided by the 
Secretary, any payment with respect to a security de-
scribed in subparagraph (D), (E), or (F) of subsection 
(e)(1) shall be treated as a separate transaction for pur-
poses of this section, including— 
‘‘(1) any net initial payment, net final or termi-
nating payment, or net periodical payment with re-
spect to a notional principal contract (or similar fi-
nancial instrument), 
‘‘(2) any payment with respect to any forward 
contract (or similar financial instrument), and 
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‘‘(3) any premium paid with respect to any op-
tion (or similar financial instrument). 
‘‘(i) ADMINISTRATION.—The Secretary shall carry 
out this section in consultation with the Securities and Ex-
change Commission and the Commodity Futures Trading 
Commission. 
‘‘(j) GUIDANCE; REGULATIONS.—The Secretary 
shall— 
‘‘(1) provide guidance regarding such informa-
tion reporting concerning covered transactions as the 
Secretary deems appropriate, including reporting by 
the payor of the tax in cases where the payor is not 
the purchaser, and 
‘‘(2) prescribe such regulations as are necessary 
or appropriate to prevent avoidance of the purposes 
of this section, including the use of non-United 
States persons in such transactions. 
‘‘(k) WHISTLEBLOWERS.—See section 7623 for pro-
visions relating to whistleblowers.’’. 
(b) PENALTY FOR FAILURE TO INCLUDE COVERED 
TRANSACTION INFORMATION WITH RETURN.—Part I of 
subchapter B of chapter 68 of the Internal Revenue Code 
of 1986 is amended by inserting after section 6707A the 
following new section: 
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‘‘SEC. 6707B. PENALTY FOR FAILURE TO INCLUDE COV-
ERED TRANSACTION INFORMATION WITH RE-
TURN. 
‘‘(a) IMPOSITION
OF PENALTY.—Any person who 
fails to include on any return or statement any informa-
tion with respect to a covered transaction which is re-
quired pursuant to section 4475(j)(1) to be included with 
such return or statement shall pay a penalty in the 
amount determined under subsection (b). 
‘‘(b) AMOUNT OF PENALTY.—Except as otherwise 
provided in this subsection, the amount of the penalty 
under subsection (a) with respect to any covered trans-
action shall be determined by the Secretary. 
‘‘(c) COVERED TRANSACTION.—For purposes of this 
section, the term ‘covered transaction’ has the meaning 
given such term by section 4475(d). 
‘‘(d) AUTHORITY TO RESCIND PENALTY.— 
‘‘(1) IN GENERAL.—The Commissioner of In-
ternal Revenue may rescind all or any portion of any 
penalty imposed by this section with respect to any 
violation if rescinding the penalty would promote 
compliance with the requirements of this title and 
effective tax administration. 
‘‘(2) NO
JUDICIAL
APPEAL.—Notwithstanding 
any other provision of law, any determination under 
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this subsection may not be reviewed in any judicial 
proceeding. 
‘‘(3) RECORDS.—If a penalty is rescinded under 
paragraph (1), the Commissioner shall place in the 
file in the Office of the Commissioner the opinion of 
the Commissioner with respect to the determination, 
including— 
‘‘(A) a statement of the facts and cir-
cumstances relating to the violation, 
‘‘(B) the reasons for the rescission, and 
‘‘(C) the amount of the penalty rescinded. 
‘‘(e) COORDINATION WITH OTHER PENALTIES.—The 
penalty imposed by this section shall be in addition to any 
other penalty imposed by this title.’’. 
(c) CLERICAL AMENDMENTS.— 
(1) The table of sections for part I of sub-
chapter B of chapter 68 of such Code is amended 
by inserting after the item relating to section 6707A 
the following new item: 
‘‘Sec. 6707B. Penalty for failure to include covered transaction information 
with return.’’. 
(2) The table of subchapters for chapter 36 of 
the Internal Revenue Code of 1986 is amended by 
inserting after the item relating to subchapter B the 
following new item: 
‘‘SUBCHAPTER C. TAX ON TRADING TRANSACTIONS’’. 
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(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to transactions occurring more 
than 180 days after the date of the enactment of this Act. 
SEC. 9. SUSPENSION BASED ON FINDING OF INFLATION 
DURING PERIOD OF LOW UNEMPLOYMENT. 
(a) DETERMINATION ON INFLATION.—Whenever the 
conditions specified in subsection (k) are satisfied, the 
Secretary shall make a determination as to whether there 
is good cause to believe that— 
(1) job creation funded under this Act con-
stitutes a significant contributing factor to the ele-
vation of the rate of inflation above the level set 
forth in subsection (k); and 
(2) a reduction in the number of persons em-
ployed in jobs funded under this Act is necessary to 
restore the rate of inflation to a level below that set 
forth in subsection (k). 
(b) SUSPENSION OF HIRING.—If the Secretary deter-
mines that such good cause exists, the Secretary shall 
issue an interim order temporarily— 
(1) suspending new hiring of persons described 
in subsections (f)(4)(A) and (f)(4)(D) of section 5 
for jobs funded under this Act; and 
(2) freezing the hourly wage rates paid for jobs 
funded under this Act. 
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(c) PUBLICATION OF SUSPENSION ORDER.—At least 
7 days before the effective date of the interim order de-
scribed in subsection (b), the Secretary shall cause a copy 
of the order to be sent by email to all applicants for and 
recipients of Employment Opportunity Grants under sec-
tion 5 and published in the Federal Register along with 
a notice requesting public comment thereon. The comment 
period announced in this notice shall last for 30 days from 
the day the notice is published. The Secretary shall also 
announce the publication of the interim order and invite 
public comment thereon in a press conference called ex-
pressly for that purpose and to which representatives of 
the national news media have been invited. 
(d) NO REVIEW REQUIRED.—The Office of Manage-
ment and Budget shall not be required to review the order 
described in subsection (b) and no impact statement or 
analysis of the order’s effect shall be required under any 
other statute. 
(e) REVOCATION OR CONFIRMATION OF ORDER.— 
After the 30-day comment period described in subsection 
(c) has expired and the Secretary has considered the com-
ments received relating to the interim order for a period 
not to exceed 15 additional days, the Secretary shall— 
(1) either revoke the interim order or confirm 
it with or without changes; 
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(2) cause all applicants for and recipients of 
Employment Opportunity Grants under section 5 to 
be notified of such confirmation or revocation in the 
manner described in subsection (c)(1); and 
(3) publish a notice in the Federal Register an-
nouncing such confirmation or revocation along with 
a statement summarizing the views submitted by the 
public during the comment period and setting forth 
in reasonable detail the evidence, reasoning, and ar-
guments relied upon and rejected in deciding wheth-
er to revoke the interim order or confirm it with or 
without changes. 
(f) CONTINUANCE OF AUTHORITY.—If the interim 
order is confirmed, either with or without changes, the 
Secretary shall have the authority to transfer funds from 
the account described in subsection (d)(1) of section 4 to 
the account described in subsection (d)(2) of section 4 to 
the extent necessary to provide additional training oppor-
tunities for persons whose employment in jobs funded 
under this Act has been temporarily suspended. 
(g) WAIVER.—Any person who would be eligible for 
employment in a job funded under this Act but for the 
order described in subsections (b) and (e) shall be afforded 
the opportunity to apply for a waiver of the order’s appli-
cation to them on the grounds that it would cause them 
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or their family to suffer undue hardship. The Secretary 
shall establish procedures and rules insuring that such 
waiver applications are considered and decided in an expe-
ditious manner. 
(h) NO EARLY TERMINATION, SUSPENSION IN HIR-
ING, OR REDUCTION IN WAGES.—No person employed in 
a job funded under this Act shall have their employment 
prematurely terminated to achieve the purposes of this 
section. Hiring for jobs funded under this Act of persons 
described in subsections (f)(4)(B) and (f)(4)(C) of section 
5 may not be suspended to achieve the purposes of this 
section. The hourly wages paid for jobs funded under this 
Act may not be reduced to achieve the purposes of this 
section. 
(i) WAIVER OF APPLICABILITY.—The Secretary shall 
have the authority to waive the applicability of the order 
described in sections (b) and (e) to recipients of Employ-
ment Opportunity Grants to the extent necessary to pre-
vent layoffs by the grant recipient of persons already em-
ployed by them in jobs funded under this Act. 
(j) DURATION OF ORDER.—The order described in 
subsections (b) and (e) shall remain in effect only as long 
as the conditions specified in subsection (k) are satisfied. 
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(k) INFLATIONARY TRIGGER.—The Secretary’s au-
thority to act under this section shall arise only when both 
of the following conditions are jointly satisfied: 
(1) The seasonally adjusted unemployment rate 
for the civilian labor force of the United States, as 
reported by the United States Bureau of Labor Sta-
tistics in its most recent Employment Situation 
News Release, is less than 4.0 percent. 
(2) The seasonally adjusted consumer price 
index for all urban consumers in the United States, 
as reported by the United States Bureau of Labor 
Statistics in its most recent Consumer Price Index 
News Release, is more than 3 percent above its level 
during the same period one year earlier. 
Æ 
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