by such Federal agencies as the President may recommend
and as shall be determined by law.
(b) DUTIES.—The Fund shall promote and activate
short- and long-term plans for coping with declines in ci-
vilian or military activities by developing specific policies,
programs, and projects (including feasibility studies, edu-
cation, training, and inducements for whatever increased
labor mobility may be necessary or desirable) for the ex-
pansion of economic activities in sectors where additional
or improved goods or services are needed.
(c) AUTHORIZATION OF APPROPRIATIONS.—
(1) IN GENERAL.—In addition to amounts de-
scribed in paragraph (2), there are authorized to be
appropriated to carry out this section such sums as
may be necessary.
(2) AVAILABILITY
OF
DEFENSE
FUNDS.—Of
the amounts appropriated pursuant to the authoriza-
tions of appropriations contained in each Act au-
thorizing appropriations for a fiscal year for military
activities of the Department of Defense, the Sec-
retary of Defense shall transfer 1 percent of such
amounts to the Fund for the purpose of carrying out
this section.
SEC. 7. IMPLEMENTATION.
(a) IMPLEMENTATION SCHEDULE.—
(1) IN GENERAL.—The President shall establish
an annual schedule for the purpose of implementing
this Act. Such schedule shall include recommenda-
tions for—
(A) a restructuring of Federal budget pri-
orities to provide for—
(i) reductions in wasteful or unneces-
sary military expenditures;
(ii) 
increased 
Federal 
revenues
through reducing or eliminating wasteful
tax expenditures and other loopholes in the
tax laws;
(iii) reducing the interest on the Fed-
eral debt by reductions in both Federal
deficits and real interest rates;
(iv) the appropriate use of public and
private pension funds to help attain the in-
vestment, output, and employment goals of
this Act; and
(v) the promotion or creation of pri-
vate and public development banks in
urban and agricultural areas of high job-
lessness and poverty; and
(B) the promotion of educational activities
within each State on locally-based over-all plan-
ning, with special attention to educational proc-
esses that promote and use the creative abilities
of small, medium, and large business enter-
prises, and by such other private sector entities
as labor unions, professional associations and
non-profit, voluntary and cooperative organiza-
tions, including neighborhood, tenant, home
owner and self-help associations and organiza-
tions of the unemployed.
(2) INCLUSION
OF
IMPLEMENTATION
SCHED-
ULE IN PRESIDENTIAL ECONOMIC REPORT.—Section
3(a) of the Employment Act of 1946 (15 U.S.C.
1022(a)) is amended—
(A) in paragraph (3), by striking ‘‘; and’’
and inserting a semicolon;
(B) in paragraph (4), by striking the pe-
riod at the end and inserting ‘‘; and’’ and
(C) by adding at the end the following new
paragraph:
‘‘(5) beginning with fiscal year 1995, the an-
nual implementation schedule established under sec-
tion 7(a)(1) of the A Living Wage, Jobs For All
Act.’’.
(b) OVERSIGHT BY JOINT ECONOMIC COMMITTEE.—
Section 11(b) of the Employment Act of 1946 (15 U.S.C.
1024(b)) is amended—
(1) in paragraph (2), by striking ‘‘; and’’ and
inserting a semicolon;
(2) in paragraph (3), by striking the period at
the end and inserting ‘‘; and’’ and
(3) by adding at the end the following new
paragraph:
‘‘(4) beginning with fiscal year 1995, to mon-
itor actions taken or proposed to be taken under the
A Living Wage, Jobs For All Act and report its con-
clusions thereon to the Congress and the American
people, with special attention to the extent to which
the Federal agencies have successfully carried out
the provisions of such Act.’’.
(c) BUDGETS.—Notwithstanding any other provision
of law, all budgetary data for specific programs, whether
in budget messages and resolutions or in legislative au-
thorizations and appropriations, shall include or be accom-
panied by descriptive evaluations and quantitative esti-
mates (including monetary quantities) of the direct and
indirect impacts on—
(1) gross outlays and net outlays calculated in
terms of estimates on whatever consequences addi-
tional paid employment may have on—
(A) reducing outlays by reducing the num-
ber of people receiving unemployment com-
pensation, public assistance, and other transfer
payments (without necessarily including re-
duced outlays resulting from improvements in
public health and safety); and
(B) increasing tax receipts as a result of
more people earning income subject to social se-
curity and income taxes and more business en-
terprises earning the larger, more stable and
less subsidized total profits possible under con-
ditions of full employment; and
(2) benefits that may be conferred or costs im-
posed on various groups or persons in society.
(d) PRESIDENTIAL BUDGET MESSAGES.—All budget
messages from the President to the Congress shall be
based on policies and programs to reduce officially meas-
ured unemployment to the interim levels set forth in the
Full Employment and Balanced Growth Act of 1978 and
toward this end shall include—
(1) a total impact analysis on the direct and in-
direct consequences flowing from each over-all budg-
et for levels of employment, output and prices, and
on foreign trade, environmental quality, and the dis-
tribution of income and wealth;
(2) to facilitate State and local public works
and public services planning under section 4, esti-
mates of the direct and indirect flow of all Federal
outlays (including off-budget outlays) to each State
and each district of the House of Representatives,
(3) a tax expenditure budget as defined in the
Congressional Budget Act of 1974 but presented not
only in a separately published special analysis but
also—
(A) incorporated into the general revenue
provisions of the budget; and
(B) accompanied by estimates of the bene-
fits sought and thus far obtained by such
planned losses of tax revenue;
(4) a zero-based budgetary review of every pro-
gram involving more than $100,000,000 in gross
outlays;
(5) such full distinctions between operating and
investment outlays as regularly appear in the budg-
ets of business organizations and local and State
governments;