In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pay It Back Act''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) the Congressional Budget Office estimates that the 
        deficit for this fiscal year will reach $1.6 trillion or 11 
        percent of the Gross Domestic Product;
            (2) this deficit represents the largest relative deficit 
        since the end of World War II;
            (3) the Congressional Budget Office estimates that the 
        fiscal year 2010 deficit will reach $1.4 trillion; and
            (4) given the choice between forcing our children to pay 
        for the national debt and requiring banks and other 
        beneficiaries of the goodwill of the taxpayer to make a down 
        payment now, we choose to help our kids.

SEC. 3. AMENDMENT TO TARP AUTHORIZATION.

    Section 115(a)(3) of the Emergency Economic Stabilization Act of 
2008 (12 U.S.C. 5225(a)(3)) is amended by striking ``outstanding at any 
one time'' and inserting ``, in the aggregate (or such higher amount, 
in the aggregate, as has been obligated or expended under this Act as 
of the date of enactment of the Pay It Back Act)''.

SEC. 4. REPORT.

    Section 106 of the Emergency Economic Stabilization Act of 2008 (12 
U.S.C. 5216) is amended by inserting at the end the following:
    ``(f) Report.--The Secretary of the Treasury shall report to 
Congress every 6 months on amounts received and transferred to the 
general fund under subsection (d).''.

SEC. 5. AMENDMENTS TO HOUSING AND ECONOMIC RECOVERY ACT OF 2008.

    (a) Sale of Fannie Mae Obligations and Securities by the Treasury; 
Deficit Reduction.--Section 304(g)(2) of the Federal National Mortgage 
Association Charter Act (12 U.S.C. 1719(g)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation or security 
                        acquired by the Secretary under this 
                        subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (b) Sale of Freddie Mac Obligations and Securities by the Treasury; 
Deficit Reduction.--Section 306(l)(2) of the Federal Home Loan Mortgage 
Corporation Act (12 U.S.C. 1455(l)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation or security 
                        acquired by the Secretary under this 
                        subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (c) Sale of Federal Home Loan Banks Obligations by the Treasury; 
Deficit Reduction.--Section 11(l)(2) of the Federal Home Loan Bank Act 
(12 U.S.C. 1431(l)(2)) is amended--
            (1) by redesignating subparagraph (C) as subparagraph (D); 
        and
            (2) by inserting after subparagraph (B) the following:
                    ``(C) Deficit reduction.--The Secretary of the 
                Treasury shall--
                            ``(i) deposit in the General Fund of the 
                        Treasury any amounts received by the Secretary 
                        for the sale of any obligation acquired by the 
                        Secretary under this subsection; and
                            ``(ii) ensure that such amounts so 
                        deposited--
                                    ``(I) are dedicated for the sole 
                                purpose of deficit reduction; and
                                    ``(II) are prohibited from use as 
                                an offset for other spending increases 
                                or revenue reductions.''.
    (d) Repayment of Fees.--Any periodic commitment fee or any other 
fee or assessment paid by the Federal National Mortgage Association or 
Federal Home Loan Mortgage Corporation to the Secretary of the Treasury 
as a result of any preferred stock purchase agreement, mortgage-backed 
security purchase program, or any other program or activity authorized 
or carried out pursuant to the authorities granted to the Secretary of 
the Treasury under the amendments made by section 1117 of the Housing 
and Economic Recovery Act of 2008 (Public Law 110-289; 122 Stat. 2683), 
including any fee agreed to by contract between the Secretary and the 
Association or Corporation, shall be deposited in the General Fund of 
the Treasury where such amounts shall be--
            (1) dedicated for the sole purpose of deficit reduction; 
        and
            (2) prohibited from use as an offset for other spending 
        increases or revenue reductions.

SEC. 6. FEDERAL HOUSING FINANCE AGENCY REPORT.

    The Director of the Federal Housing Finance Agency shall submit to 
Congress a report on the plans of the Agency to continue to support and 
maintain the Nation's vital housing industry, while at the same time 
guaranteeing that the American taxpayer will not suffer unnecessary 
losses.

SEC. 7. REPAYMENT OF UNOBLIGATED ARRA FUNDS.

    (a) Rejection of ARRA Funds by State.--Section 1607 of division A 
of the American Recovery and Reinvestment Act of 2009 (Public Law 111-
5; 123 Stat. 303) is amended by adding at the end the following:
    ``(d) Statewide Rejection of Funds.--If funds provided to any State 
in any division of this Act are not accepted for use by the Governor of 
the State pursuant to subsection (a) or by the State legislature 
pursuant to subsection (b), then all such funds shall be--
            ``(1) rescinded; and
            ``(2) deposited in the General Fund of the Treasury, where 
        such amounts shall be--
                    ``(A) dedicated for the sole purpose of deficit 
                reduction; and
                    ``(B) prohibited from use as an offset for other 
                spending increases or revenue reductions.''.
    (b) Withdrawal or Recapture of Unobligated Funds.--Title XVI of 
division A of the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5; 123 Stat. 302) is amended by adding at the end the 
following:

             ``withdrawal or recapture of unobligated funds

    ``Sec. 1613. Notwithstanding any other provision of this Act, if 
the head of any executive agency withdraws or recaptures for any reason 
funds appropriated or otherwise made available under this division, and 
such funds have not been obligated by a State to a local government or 
for a specific project, such recaptured funds shall be--
            ``(1) rescinded; and
            ``(2) deposited in the General Fund of the Treasury, where 
        such amounts shall be--
                    ``(A) dedicated for the sole purpose of deficit 
                reduction; and
                    ``(B) prohibited from use as an offset for other 
                spending increases or revenue reductions.''.
    (c) Return of Unobligated Funds by End of 2012.--Section 1603 of 
division A of the American Recovery and Reinvestment Act of 2009 
(Public Law 111-5; 123 Stat. 302) is amended--
            (1) by striking ``All funds'' and inserting ``(a) In 
        General.--All funds''; and
            (2) by adding at the end the following:
    ``(b) Repayment of Unobligated Funds.--Any discretionary 
appropriations made available in this division that have not been 
obligated as of December 31, 2012, are hereby rescinded, and such 
amounts shall be deposited in the General Fund of the Treasury, where 
such amounts shall be--
            ``(1) dedicated for the sole purpose of deficit reduction; 
        and
            ``(2) prohibited from use as an offset for other spending 
        increases or revenue reductions.
    ``(c) Presidential Waiver Authority.--
            ``(1) In general.--The President may waive the requirements 
        under subsection (b), if the President determines that it is 
        not in the best interest of the Nation to rescind a specific 
        unobligated amount after December 31, 2012.
            ``(2) Requests.--The head of an executive agency may also 
        apply to the President for a waiver from the requirements under 
        subsection (b).''.

SEC. 8. REDUCTION OF STATUTORY LIMIT ON THE PUBLIC DEBT.

    Section 3101 of title 31, United States Code, is amended--
            (1) in subsection (b), by inserting ``minus the aggregate 
        amounts described in subsection (d)'' before ``, outstanding at 
        one time''; and
            (2) by adding at the end the following:
    ``(d) Amounts described in this subsection are any amounts received 
by the Secretary of the Treasury pursuant to--
            ``(1) section 106(d) of the Emergency Economic 
        Stabilization Act of 2008 before, on, or after the date of 
        enactment of this subsection; and
            ``(2) section 304(g) of the Federal National Mortgage 
        Association Charter Act (12 U.S.C. 1719(g)), section 306(l) of 
        the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 
        1455(l)), section 11(l) of the Federal Home Loan Bank Act (12 
        U.S.C. 1431(l)), section 1607(d) of division A of the American 
        Recovery and Reinvestment Act of 2009 (Public Law 111-5), 
        section 1613 of division A of the American Recovery and 
        Reinvestment Act of 2009 (Public Law 111-5), and sections 5(d) 
        and 7(c) of the Pay It Back Act after the date of enactment of 
        this subsection.''.

A: Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act.

Requires the Secretary to report to Congress every six months on transfer to the Treasury's General Fund for reduction of the public debt of revenues of, and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP.

Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to require the Secretary to deposit in the Treasury solely for debt reduction any amounts received by the Secretary for the sale of any obligation or security acquired from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a Federal Home Loan Bank for secondary market operations. Prohibits the use of any such amounts as an offset for other spending increases or revenue reductions.

Requires deposit in the Treasury solely for debt reduction of any periodic commitment fee or any other fee or assessment paid to the Secretary by Fannie Mae or Freddie Mac as a result of any preferred stock purchase agreement, mortgage-backed security purchase program, or any other program or activity under the Housing and Economic Recovery Act of 2008.

Requires the Director of the Federal Housing Finance Agency (FHFA) to report to Congress on FHFA plans to continue to support and maintain the nation's vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses.

Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to require: (1) rescission of any ARRA (stimulus) funds offered to but not accepted by the governor or legislature of a state; and (2) their deposit in the Treasury solely for debt reduction. Requires the same treatment for any funds withdrawn or recaptured by an executive agency head which have not been obligated by a state to a local government or for a specific project.

Rescinds for deposit in the Treasury solely for debt reduction specified discretionary appropriations that have not been obligated as of December 31, 2012.

Lowers the statutory limit on the public debt by the amounts the Secretary receives under this Act for deposit in the Treasury solely for debt reduction.
****
Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fairness to Local Contractors Act''.

SEC. 2. ENHANCEMENT OF STATE ENFORCEMENT OF STATE TAX, EMPLOYMENT, AND 
              LICENSING LAWS AGAINST CONSTRUCTION CONTRACTORS.

    (a) Requirement for State Tax Clearance From Potential Construction 
Contractors.--
            (1) Defense contracts.--Section 2305(b) of title 10, United 
        States Code, is amended by adding at the end the following new 
        paragraph:
    ``(10) In order to be considered a responsible bidder or offeror 
for a contract for the construction of a public building, facility, or 
work, a bidder or offeror shall submit with the bid or offer a tax 
clearance from the State in which the contract is to be performed. For 
purposes of this paragraph, a tax clearance is a document from an 
appropriate State agency indicating that the bidder or offeror is in 
compliance with all the tax laws of the State in which the contract is 
to be performed.''.
            (2) Civilian agency contracts.--Section 303B of title III 
        of the Federal Property and Administrative Services Act of 1949 
        (41 U.S.C. 253b) is amended by adding at the end the following 
        new subsection:
    ``(n) Tax Clearance.--In order to be considered a responsible 
bidder or offeror for a contract for the construction of a public 
building, facility, or work, a bidder or offeror shall submit with the 
bid or offer a tax clearance from the State in which the contract is to 
be performed. For purposes of this paragraph, a tax clearance is a 
document from an appropriate State agency indicating that the bidder or 
offeror is in compliance with all the tax laws of the State in which 
the contract is to be performed.''.
    (b) Requirement To Withhold Final Contract Payment Until Receipt of 
State Tax Clearance and Certification of Compliance With Employment 
Laws From Contractor.--
            (1) Defense contracts.--Section 2307 of title 10, United 
        States Code, is amended by adding at the end the following new 
        subsection:
    ``(j) Requirement To Withhold Final Payment.--(1) The head of an 
agency shall withhold final payment under a contract for the 
construction of a public building, facility, or work until the 
contractor submits to the agency both of the following:
            ``(A) A tax clearance from the State in which the contract 
        is or was performed.
            ``(B) A certification stating that the contractor is in 
        compliance (or was in compliance during the performance of the 
        contract) with all applicable State laws that require employers 
        to make payments to or for the benefit of employees, including 
        laws relating to unemployment insurance, workers compensation, 
        health insurance, and disability insurance.
    ``(2) For purposes of this subsection, a tax clearance is a 
document from an appropriate State agency indicating that the 
contractor is or was in compliance with all the tax laws of the State 
in which the contract is or was performed.''.
            (2) Civilian agency contracts.--Section 305 of title III of 
        the Federal Property and Administrative Services Act of 1949 
        (41 U.S.C. 255) is amended by adding at the end the following 
        new subsection:
    ``(h) Requirement To Withhold Final Payment.--(1) The head of an 
executive agency shall withhold final payment under a contract for the 
construction of a public building, facility, or work until the 
contractor submits to the agency both of the following:
            ``(A) A tax clearance from the State in which the contract 
        is or was performed.
            ``(B) A certification stating that the contractor is in 
        compliance (or was in compliance during the performance of the 
        contract) with all applicable State laws that require employers 
        to make payments to or for the benefit of employees, including 
        laws relating to unemployment insurance, workers compensation, 
health insurance, and disability insurance.
    ``(2) For purposes of this subsection, a tax clearance is a 
document from an appropriate State agency indicating that the 
contractor is or was in compliance with all the tax laws of the State 
in which the contract is or was performed.''.
    (c) Authority To Withhold Payment to Contractor of Amounts 
Necessary To Meet State Tax Obligations.--
            (1) Defense contracts.--Section 2307 of title 10, United 
        States Code, is further amended by adding at the end the 
        following new subsection:
    ``(k) Authority To Withhold Payment To Meet State Tax 
Obligations.--The head of an agency may withhold, from any payment due 
to a contractor under a contract made by the agency for the 
construction of a public building, facility, or work, an amount 
considered necessary by the head of the agency to pay to the State in 
which the contract is being performed the amount of the contractor's 
State tax liability that is attributable to the contract. The head of 
the agency that so withholds a payment may, upon request of the State 
in which the contract is being performed and with such documentation as 
the head of the agency considers necessary, pay such tax liability 
amount directly to the State from the withheld payment. Any amount of a 
withheld payment that exceeds the actual State tax liability amount 
shall be paid to the contractor.''.
            (2) Civilian agency contracts.--Section 305 of title III of 
        the Federal Property and Administrative Services Act of 1949 
        (41 U.S.C. 255) is further amended by adding at the end the 
        following new subsection:
    ``(i) Authority To Withhold Payment To Meet State Tax 
Obligations.--The head of an executive agency may withhold, from any 
payment due to a contractor under a contract made by the agency for the 
construction of a public building, facility, or work, an amount 
considered necessary by the head of the agency to pay to the State in 
which the contract is being performed the amount of the contractor's 
State tax liability that is attributable to the contract. The head of 
the executive agency that so withholds a payment may, upon request of 
the State in which the contract is being performed and with such 
documentation as the head of the agency considers necessary, pay such 
tax liability amount directly to the State from the withheld payment. 
Any amount of a withheld payment that exceeds the actual State tax 
liability amount shall be paid to the contractor.''.
    (d) Requirement for Construction Contractors To Obtain Applicable 
State Licenses.--
            (1) Defense contracts.--(A) Chapter 141 of title 10, United 
        States Code, is amended by adding at the end the following new 
        section:
``Sec. 2410n. Construction contracts: requirement to obtain applicable 
              State licenses
    ``The Secretary of Defense shall require, in any contract entered 
into by the Secretary for the construction of a public building, 
facility, or work which is to be performed in a State that requires 
persons performing the type of work to be performed under the contract 
to be licensed, that the contractor be so licensed.''.
    (B) The table of sections at the beginning of such chapter is 
amended by adding at the end the following new item:

``2410n. Construction contracts: requirement to obtain applicable State 
                            licenses.''.
            (2) Civilian agency contracts.--Title III of the Federal 
        Property and Administrative Services Act of 1949 (41 U.S.C. 251 
        et seq.) is amended by adding at the end the following new 
        section:

``SEC. 318. CONSTRUCTION CONTRACTS: REQUIREMENT TO OBTAIN APPLICABLE 
              STATE LICENSES.

    ``The head of an executive agency shall require, in any contract 
entered into by the agency for the construction of a public building, 
facility, or work which is to be performed in a State that requires 
persons performing the type of work to be performed under the contract 
to be licensed, that the contractor be so licensed.''.
    (e) Requirement To Explain Hawaii Excise Tax in Federal Acquisition 
Regulation.--The Federal Acquisition Regulation shall be revised to 
contain provisions explaining the general excise tax law of the State 
of Hawaii.
    (f) Effective Date.--The amendments made by this Act shall apply 
with respect to contracts entered into after the date of the enactment 
of this Act.

A: Fairness to Local Contractors Act - Amends the Federal Property and Administrative Services Act of 1949 and defense contract law to require a bidder or offeror, to be considered a responsible bidder or offeror for the construction of a public building, facility, or work, to submit a tax clearance (a document stating that such entity is in compliance with all State tax laws) from the State in which the contract is to be performed. Requires the head of a Federal or defense agency to withhold the final payment under such a contract until the contractor submits both a tax clearance and a certification of compliance with all State laws concerning payments to employees under a contract, including unemployment insurance, workers compensation, health insurance, and disability insurance.

Authorizes the head of a Federal or defense agency to: (1) withhold from any contractor payments amounts necessary to pay any State tax liability attributable to the contract; and (2) pay such amount directly to such State.

Directs the Secretary of Defense or agency head to require a contractor to be licensed if the State in which a construction contract is to be performed requires a license.

Requires revision of the Federal Acquisition Regulation to explain the general excise tax law of Hawaii.
****
Q: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Perkins Modernization Act of 2014''.

SEC. 2. PURPOSES.

    Section 2 of the Carl D. Perkins Career and Technical Education Act 
of 2006 (20 U.S.C. 2301) is amended--
            (1) in paragraph (1), by striking ``high skill, high wage, 
        or high demand occupations in current or emerging professions'' 
        and inserting ``employment in current or emerging in-demand 
        industry sectors or occupations'';
            (2) by striking ``and'' at the end of paragraph (6); and
            (3) by adding at the end the following:
            ``(8) Aligning the skills, certifications, and credentials 
        of secondary and postsecondary students who enroll in career 
        and technical education programs with the skills, 
        certifications, and credentials needed by employers in the 
        labor markets served by the educational institutions.
            ``(9) Ensuring that the selection of skills, 
        certifications, and credentials acquired by career and 
        technical education students is guided by timely labor market 
        information.''.

SEC. 3. DEFINITIONS.

    Section 3 of the Carl D. Perkins Career and Technical Education Act 
of 2006 (20 U.S.C. 2302) is amended by adding at the end the following:
            ``(35) In-demand industry sector or occupation.--
                    ``(A) In general.--The term `in-demand industry 
                sector or occupation' means an industry sector or 
                occupation that--
                            ``(i) has or is projected to have a 
                        substantial role or a positive economic impact 
                        in the economy of the area served by an 
                        eligible institution;
                            ``(ii) provides workers with jobs that lead 
                        to economic self-sufficiency and opportunities 
                        for advancement; and
                            ``(iii) is documented in labor market 
                        information collected by State agencies, 
                        Federal agencies, workforce investment boards, 
                        or other third-party organizations engaged in 
                        labor market research.
                    ``(B) Determination.--The determination of whether 
                an industry sector or occupation is an in-demand 
                industry sector or occupation under this paragraph 
                shall be made using State, local, regional, or national 
                labor market information collected by State agencies, 
                Federal agencies, local entities, workforce investment 
                boards, or other third-party organizations engaged in 
                labor market research. Industry sectors and occupations 
                may be identified as in-demand on a current or an 
                emerging basis, as labor market information may 
                describe current workforce demographics and may also 
                identify projected labor market trends.''.

SEC. 4. ACCOUNTABILITY.

    Section 113(b)(2)(B)(iv) of the Carl D. Perkins Career and 
Technical Education Act of 2006 (20 U.S.C. 2323(b)(2)(B)(iv)) is 
amended by striking ``high skill, high wage, or high demand occupations 
in current or emerging professions'' and inserting ``employment in in-
demand industry sectors or occupations''.

SEC. 5. NATIONAL ACTIVITIES.

    Section 114(d) of the of the Carl D. Perkins Career and Technical 
Education Act of 2006 (20 U.S.C. 2324(d)) is amended--
            (1) in paragraph (2)(B)(iii)(II)--
                    (A) by striking ``high skill, high wage occupations 
                (including those in which mathematics and science 
                skills are critical)''; and
                    (B) by inserting ``in-demand industry sectors or 
                occupations'' after ``employment in''; and
            (2) in paragraph (4)(A)(i)(V)--
                    (A) by striking ``high skill, high wage, or high 
                demand business and industry''; and
                    (B) by inserting ``in-demand industry sectors or 
                occupations'' after `` occupations in''.

SEC. 6. OCCUPATIONAL AND EMPLOYMENT INFORMATION.

    Section 118(c) of the Carl D. Perkins Career and Technical 
Education Act of 2006 (20 U.S.C. 2328) is amended in paragraphs (1), 
(3), and (4) by striking ``high skill, high wage, or high demand 
occupations and non-traditional fields'' each place it appears and 
inserting ``employment in in-demand industry sectors or occupations''.

SEC. 7. STATE PLAN.

    Section 122(c) of the Carl D. Perkins Career and Technical 
Education Act of 2006 (20 U.S.C. 2342(c)) is amended--
            (1) in paragraph (1)--
                    (A) in subparagraph (A)(ii), by inserting ``and 
                careers in in-demand industry sectors or occupations'' 
                after ``in postsecondary education'';
                    (B) in subparagraph (H)--
                            (i) by striking ``entry into high skill, 
                        high wage, or high demand occupations in 
                        current or emerging occupations''; and
                            (ii) by inserting ``for employment in in-
                        demand industry sectors or occupations'' after 
                        ``or''; and
                    (C) in subparagraph (I)(iii)--
                            (i) by striking ``high skill, high wage, or 
                        high demand occupations''; and
                            (ii) by inserting ``in-demand industry 
                        sectors or occupations'' after ``in'';
            (2) in paragraph (4), by inserting ``or into employment in 
        an in-demand industry sector or occupation'' after 
        ``institutions of higher education'';
            (3) in paragraph (9)(C)--
                    (A) by striking ``high skill, high wage, or high 
                demand occupations''; and
                    (B) by inserting ``employment in an in-demand 
                industry sector or occupation'' after ``further 
                learning and for''; and
            (4) in paragraph (18)--
                    (A) by striking ``high skill, high wage, or high 
                demand occupations and non-traditional fields''; and
                    (B) by inserting ``employment in in-demand industry 
                sectors or occupations'' after ``for''.

SEC. 8. STATE LEADERSHIP ACTIVITIES.

    Section 124 of the Carl D. Perkins Career and Technical Education 
Act of 2006 (20 U.S.C. 2344) is amended--
            (1) in subsection (b)--
                    (A) in paragraph (1)--
                            (i) by striking ``high skill, high wage, or 
                        high demand occupations''; and
                            (ii) by inserting ``employment in in-demand 
                        industry sectors or occupations'' after 
                        ``for'';
                    (B) in paragraph (2)(C), by inserting ``, 
                equipment,'' after ``internships'';
                    (C) in paragraph (5)--
                            (i) by striking ``high skill, high wage 
                        occupations''; and
                            (ii) by inserting ``employment 
                        opportunities in in-demand industry sectors or 
                        occupations'' after ``to'';
                    (D) in paragraph (8)--
                            (i) by striking ``high skill, high wage, or 
                        high demand''; and
                            (ii) by inserting ``employment in in-demand 
                        industry sectors or'' after ``to''; and
                    (E) by inserting after paragraph (9) the following:
            ``(10) Analyzing labor market information collected by 
        State agencies, Federal agencies, workforce investment boards, 
        or other third-party organizations engaged in labor market 
        research in order to ensure that programs of study in career 
        and technical education align with labor market needs.''; and
            (2) in subsection (c)--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by inserting ``, 
                        and encouraging secondary students to pursue 
                        dual enrollment coursework as well as industry 
                        licenses, certificates, and other post-
                        secondary credentials'' after ``degree''; and
                            (ii) in subparagraph (B)--
                                    (I) by striking ``high skill, high 
                                wage occupations and non-traditional 
                                fields''; and
                                    (II) by inserting ``employment 
                                opportunities in in-demand industry 
                                sectors or occupations and supporting 
                                students in the pursuit of internships 
                                and opportunities for experiential 
                                learning'' after ``to''; and
                    (B) in paragraph (9)--
                            (i) by striking ``high skill, high wage, or 
                        high demand occupations''; and
                            (ii) by inserting ``employment 
                        opportunities in in-demand industry sectors or 
                        occupations'' after ``for''.

SEC. 9. LOCAL PLAN FOR CAREER AND TECHNICAL EDUCATION.

    Section 134(b)(8)(C) of the Carl D. Perkins Career and Technical 
Education Act of 2006 (20 U.S.C. 2354(b)(8)(C)) is amended by striking 
``high skill, high wage, or high demand'' and inserting ``employment 
opportunities in in-demand industry sectors or''.

SEC. 10. LOCAL USES OF FUNDS.

    Section 135 of the Carl D. Perkins Career and Technical Education 
Act of 2006 (20 U.S.C. 2355) is amended--
            (1) in subsection (b)(9)--
                    (A) by striking ``high skill, high wage, or high 
                demand''; and
                    (B) by inserting ``employment opportunities in in-
                demand industry sectors or'' after ``for''; and
            (2) in subsection (c)(12)--
                    (A) by striking ``high skill, high wage, or high 
                demand''; and
                    (B) by inserting ``employment opportunities in in-
                demand industry sectors or'' after ``technically for''.

A:
Perkins Modernization Act of 2014 - Amends the Carl D. Perkins and Technical Education Act of 2006 to revise its purposes, which are to develop more fully the academic and career and technical skills of secondary education students and postsecondary students who elect to enroll in career and technical education programs (as under current law), by: (1) preparing those students for employment in current or emerging in-demand industry sectors or occupations; (2) aligning the skills, certifications, and credentials of the students with those needed by employers in the labor markets served by educational institutions; and (3) ensuring that the selection of skills, certifications, and credentials acquired by such students is guided by timely labor market information. Defines &quot;in-demand industry sector or occupation&quot; to mean an industry sector or occupation that: (1) has or is projected to have a substantial role or a positive economic impact in the economy of the area served by an eligible institution; (2) provides workers with jobs that lead to economic self-sufficiency and opportunities for advancement; and (3) is documented in labor market information collected by state and federal agencies, workforce investment boards, or other third-party organizations.
****